APOLLOTYRE : Bullish Shark 01-JAN-2020
APOLLOTYRE : Bullish Shark 01-JAN-2020
CMP: 163.65
Entry : 160.20
Targets : 163+
Stop loss: 158.80
Chart by : Karthikdeva
APOLLOTYRE trade ideas
ApolloTyre ShortLooks like it's going south. Its a little oversold but MACD has full sell signals.
I'd watch for the market depth and big orders deployed by MFs to add longs, Grab the opportunity to sell at upper resistance
Once cracked, bloodshed to 52wk low.
day trading One can look for placing entry order as per indication in chart and
Book the profits using trail exit method at or near the take profit
#ApolloTyre Positional Long#ApolloTyre taking support near its demand zone of 161-162 and bounced to 167.9. Stok can revisit 192/196 levels in near to short term if it breaks out above 170 on closing basis. One can accumulate it in cash segment with protection. Can add more near 157/150/145 levels with hedging.
SHORTSL-174.70,SHORT ONCE STOCK CLOSES BELOW 173 ON 15 MIN TF,TGT-168.5
CMP-173.2
MA CROSSOVER TO B USED FOR CONFIRMATION
Apollo Tyre -Weekly out look Previously i was looking for up side move after considering the Low momentum , but the price did not make any progressive move with in last week
resulting to understand of one more move down
as you can look the structure pretty much made it self as bear flag , One can look for short sell set up and look to sell in Futures and cover using trailing stop method
Long Apollo tyre. SL-172.50Trade is reversible in itself if SL hit means to reverse the trade without any doubt if SL hit.
Short APOLLOTYRESAPOLLOTYRES - Sell only after it crosses 160 for the target of 140 and 130. SL - 170.
Buy Apollo TyresSL and Targets as per chart
Please trade with caution and consult your financial adviser before trading.
APOLLO TYRES CHARTAnalysis:
Buy above 170.25
Targets are 172.15,172.6,173.8,174.55,175.9,176.7,177.9,180
SL-168.65
LongThis is about to make one more move up , as it is its an incomplete pattern , i am looking this is forming an Expanding flat or Irregular flat in the Middle of B wave
One can look for trading this next move and look to book near forecast using trailing stop
Trend Line breakout Ambuja Cements gives a nice trend line breakout & near to Cup & Handle breakout we can see some good move above 202.40
APOLLOTYRE-SELLCmp 162.50
Sl 166
Tgt 148.80
Strong down momentum.
Above write up is educational purposes only
APOLLO TYRES ANALYSISIF THE CURRENT FIBONACCI LEVEL IS NOT SUSTAINED AND CANDLE CLOSES BELOW 162.45 TARGET FOR SHORT SIDE IS 148.65 STOP LOSS IS 170
