APOLLOTYRE trade ideas
Can Apollo tyres break the zone this time with good volumes Apollo tyres is at a key resistance level. This time it is moving up after the pandemic correction. There was some pullback last week, but it reversed with a big candle and volume. Need to see if the up-trend will continue or will it stay in the zone for some consolidation.
Apollo Tyres towards All Time HighApollo Tyres is making higher highs and high lows. Now it reaches a important resistance zone with high volume. One can look to buy @ 199 keeping SL @ 158.
Inside Candle in Apollo Tyre (Intraday stock for 15-12-20)Go for Long if the price goes beyond 194.35
Go for Short if the price goes below 187.45
APOLLOTYRE, BEAUTIFUL EX. OF SUPPORT & RESISTANCE WITH BREAKOUTAll level mentioned on chart
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Apollotyre | 40 % return |stock near support area BUY SETUP !Weekly Analysis on Apollotyre | Swing Trading |
CMP= 172
1st Target = 194
2nd Target = 235
Stop-loss = 128
Lot Size = 5000
R:R = 1.5
1) Trendline break with a good volume.
2) Stock is now at major Support.
3) Volume is more than enough.
4) Stock is now at Uptrend since April.
APOLLOTYER1. Apollo tyer in weekly chart break-out tringle pattern.
2. Weekly RSI closing above 55.
3. Weekly RSI greater then Monthly RSI .
STOP LOSS for this trade
1. if goes down by 8% from over buying level then we exit from the trade.
2. if Weekly RSI close below 45 then also we close this position.
Apollo Tyre to take long entryApollo tyre in bullish trend & expecting to touch the level of 200+. Pull back expecting @ level of 182. Long between 178-184 for the target level of 205 with the SL of 172.
Good risk to reward ratio.
Rounding Bottom patternThe stock is making a rounding bottom and looks good above the resistance of 188
Apollo Tyre to take long entryStock of Apollo tyre to take long entry after the BO of 186 for the target price of 205 level with the SL of 172. Trading above 20 EMA. Now stock at weekly reist. area. So entry will be taken after the BO of the weekly zone.
NSE:APOLLOTYREApollo Tyre
Remain bullish till trading above 165
Next Important resistance levels
188/200/224
Profit booking/Weakness only if stays below 165
Apollo tyres taget 196In simple way Next resistance of Apollo tyres is 196 due to support & resistance theory, and compative relative strength is raising
