Analysis - Facing Resistance at MA 200Facing resistance at MA 200.
Might follow the same or might break and change the trend!
Worth keeping a watch!
APOLLOTYRE trade ideas
APOLLOTYRE - Intraday Trading Setup for 14 Aug 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor.
Apollo Tyre - Re-Test BetApollo Tyre breached a long term Resistance at 119.6 with high volume.
Overall outlook is bullish on the backdrop of good results.
However, a re-test should be on the cards.
Short below 122.6 for 120, 118 with SL at 125
Buy above 125 if it continues on Bullish mode.
Strong Volume MomentumApollo Tyres is moving in a channel and about to reach a resistance zone. We can still buy it here with a target of 130+ and small SL of 120. There is strong movement here.
[Positional] Apollo Tyres LongGave a healthy breakout from 120 level. Expecting bullish consolidation from now on.
Buy above 120 with stop at 105
“Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.”
~ Richard Dennis
Buy apollotyre for target of 134Apollotyre has crossed last swing high with high volume. Macd also showing bullish signal. it should buy above 120 for target of 134 in short term.
APOLLO TYRE SWING LONGTWO DEMAND ZONES WITH RALLY BASE RALLY SETUP. UPPER DEMAND ZONE IS FOR TYPE 3 LONG AND LOWER DEMAND ZONE IS TYPE 1 LONG. ITS FOR EDU PURPOSE ONLY
APOLLOTYRE LONGI hope you can now see how APOLLOTYRE represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Forecast of Next move The Scrip has completed its move as per Hypothetical theory of wave analysis , Now its due for consolidation phase in it ,
Once the completing of base formation you can expect New low with in this recent low before it makes Turn around for start of Impulse wave 5
I am more looking for termination of wave 4 , and then Hop on for Next leg move up for Impulse wave 5
Wave 5 will be weak and high likely will consume more time then it did in wave 3 , and my educated forecast for termination is at or near the same high of Wave 3
One can wait for consolidation phase to complete for buying Opportunity and stay for an Year and half to complete the target
Good luck
#INTRADAYTRADING Trade on breakouts of level.
NOTE:- If you are taking any side trade, then there will be a stop loss on the other side and also the opportunity for reverse trading.
This is my personal review, I am not taking any responsibility of your loss. So trade on your own risk.
Engine StartedAt ascending trendline ... Small descending trendline breakout and retest done...
Can try Long...
Apollo tyre buy Buy from cmp upto 107.2
easy target 109.6
tg2 - 111
2 cnadles of 1 hr clbs below 105.9
Disclaimer : This is my personal analysis for study purpose not intended for trading
Apollo Tyres - Doji LojiThe stock rebounded from 50 DSMA.
I expect the stock to have another Doji between 100 DEMA at 112.7 which has acted as a strong resistance and 50DSMA at 107
Follow ORB in the direction of NIFTY for the aforesaid targets.
A clear break above 113 on the hourly chart should open significant upswing! Beware of Bull Traps though. Check for confirmation.
Apollotyre Price Channel Breakout, Can it fall till 93?APOLLOTYRE is taking good support(5 times) on the bottom trend line. After spending almost 6 days near the bottom trend line the stock has broken the support, also the RSI on daily chart went below 50 level, indicating bearishness in the stock, expecting it to fall till 98 level.
