Triangle pattern - trade the breakPrice into a channel and now suppose to break the triangle pattern.
APOLLOTYRE trade ideas
APOLLO TYRES LTD Analysis 27.07.2020Buy at 100 If it break trend line then buy at 102 it is in positive mode . So wait for better conformation .
Buy 107 or 102
Target 116
PRICE ACTIONIF THE PRICE MOVES ABOVE 115. WE CAN SEE 130 BUT KEEP IN MIND THAT PRE COVID CRASH STOCK WAS IN DOWNTREND. IF BREAK OUT WE CAN LOOK FOR SETUPS FOR INTRADAY.
APOLLO TYRES took support!Apollo Tyre is facing resistance in a Descending triangle.
Also have a horizontal support level, which the price tested and reversed!
This is how we take most probable and best R:R based trades...
I shared this pattern with my family!
APOLLO TYRES POSITIONAL IDEAApollo Tyres can be bought at CMP with stop loss of 105 or as per one's risk appetite.
Nearest resistances are around 133 and 142 levels so stock can face supply there and those are the price levels where we can book profits.
Also, tyre companies are in focus which can further lift up the trend of the stock.
[Buddha] APOLLOTYRE Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Apollo Tyres - Fib Retracement Levels The stock finally completed its retracement to 0.618 levels today
Some consolidation may happen here - depending on how NIFTY behaves.
Buy above the high of today, 118.2 for 120 as the immediate target.
118.2 should then function as support for rally to 130 & beyond with some consolidation happening around it.
Apollo Tyre Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
APOLLO TYRE Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
APOLLO TYRES looking BullishNSE:APOLLOTYRE has crossed 38.2 Fib level with good amount of volume. We can consider Long in this, with the next target of 50% Fib level, which is around 128.
This is as per my analysis.
Happy Trading.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
Apollo Tyre for long entryNow Apollo Tyre stock has started the uptrend & on daily TF the same is trading above the 50 EMA level. Now currently stock is at the daily BO level of 115. We can take long entry above 115 for the next target level as 129 indicated on the charts. Once the stock successfully cross the level of 135 we can see more strength . So add the stock in your watch list & wait for the clean BO in upcoming trading sessions.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Can Go Long In Apollo Tyres This Stock Was Moving slowly and trading in small range from
Can buy with a tight stoploss if goes Up can go up with Fast momentum because of short covering.
For Educational Monitoring Purpose
Trade on your own Risk
Apollo Tire _BearishApollo tire charts shows a Bearish continuation rising wedge pattern.
However we can see support of 50 EMA @ 104.
If support is broken, there will be downward movement.
Research for Educational Purpose only
Apollo TyresResistance at 110, Support at 102, 91 . Can go long if it sustains above 110 for targets of 125, 135
Apollo Tyres - Short term breakoutThe stock could breakout short term above 110.50/111.
SL 2.5% below for short term traders and SL below 104.50 for positional traders.
For longer term investors Apollo has completed a capex cycle and launched a new factory in Andhra Pradesh.
Apollo and other tyre companies can also be a good anti china trade coz cheap tyres from china would be in the first ban list because domestic capacities have gone up.
Apollo has bad ratio's which will now improve going ahead because the capex cycle is over and they would hope for a potential turnaround in the european business as well which they had projected would start turning positive from later this year/next year.
