APOLLOTYRE trade ideas
Trendline support break on APOLLOTYREThe stock has broken down from a trendline support and looks bearish in the near term. Traders can look to go short on a pullback to
189.85 levels.
All other levels mentioned in the chart.
Always keep a tab on the broader market conditions while trading. DO NOT GO SHORT IN BULLISH MARKETS.
APOLLOTYRE: BUY/SELL Algo signalHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
Apollo Tyres short sell breakout from trend target 170In 30 minutes chart after moving from uptrend to sideways it has given breakout first target is 177 and second target is 170.
first target = 177
second target = 170.
APOLLTYRE: Bearishcorrective move with failed to cross the recent highs. Sell with SL of 199 for the target of 183/177/170
Apollo tyre is at crucial and trying to give breakout ..Apollo tyre is at crucial level and it has tested a level @197 and got rejected and it will test again and if it gives a breakout at levl@ 197 and go for a big target of @ 240 and next is @ 285.95
Apollo Tyres - Bullish Harami pattern - 10.75% return in 6days.Buy Prise - 177.50
Stop loss - 168.40
Target - 195.70
Watchout for Resistance breakoutWe had a good run from 182.4 to 194.4 levels as recommended in my last chart. Now look out for more upmove above 194.7 level for 200
Blockbuster move in Apollotyrecan gove good returns in long term once it crosses the zone of 190-200.
APOLLOTYREA break above 182 , stock might make a move towards 191
SL : 178
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Apollo Tyres - Breakout on Trendline - Vwap - MAsAn educational purpose video on Trendline breakout, Vwap and MA crossover from above. An opportunity to short for intraday.
Triangle on dialy chart ( APOLLO TYRES) IF IT BREAKS UP WE HAVE RESISTANCE THERE.
AND IF BREAKS DOWN WE HAVE SUPPORT THERE.
Ascending Triangle PatternThe stock is making an ascending triangle and looks good above 182.4 level.
APOLLOTYREA good VCP can be seen on smaller time frame in APOLLOTYRE. It can be bought at 182 with SL of 171
#Apollotyre cash : looks good resistance at 182#Apollotyre cash
29.12.2020
Resistance at 182.. (Make or break)
once its crossed on closing basis then good upside
cmp 180.75
