APOLLOTYRE trade ideas
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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Piyush Gupta
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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
APOLLOTYRE Short (166.30 - 167.55)APOLLOTYRE
Sell
E: 166.30 - 167.55
S: 171.15
T: 160.50 - 156.15 - 152.65 & more
sell apollo type - intradaySell below 173.25 for the target 167
Disclaimer : This is my personal analysis for study purpose not intended for trading
apllo tyre technicalbuy now since it in the bottom of is a parallel channel
target will be 135, and If sustained it may higher
