APOLLOTYRE trade ideas
Double Bottom and Head & Should Double Bottom and Head & Should , wait for the confirmation and use the swing to buy
Apollo Tyres Trend Analysis & Trade Setup !!TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 6 to 10 times.
APOLLOTYRE has retested trend lineAPOLLOTYRE has retested trend line. We can see reversal from here. Good opportunity for short. Only for aggressive traders.
APOLLOTYRE ShortApollotyre is at the point of intersection of a downward trend line and a support/resistance line. High possibility of a down movement.
APOLLOTYRE Delivery Setup & Short Setup [Intraday] NSE:APOLLOTYRE On 1H time frame apollotyre has been forming a bullish price channel with possibility of price rebounding from the main trend line. There are two possible setups in the near future:
1) Delivery Setup: Price can rebound from 172.70 with SL at 170.80 and potential target at 185. RR: 6.15
2) Short Setup: Sell at 185.05 with SL 186.65 and TP 181.95. RR: 2
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
APOLLO TYRE SHORT ( INTRADAY)APOLLO TYRE SHORT ENTRY 174.60 STOP- LOSS 176.75 TARGET PRICE 169.30
NOTE : CONSULT YOUR REGISTERED ADVISER BEFORE TAKING ANY TRADING DECISION.
#APOLLOTYRE CASH : SUSTAIN ABOVE 174.10 GOOD#APOLLOTYRE CASH
05 SEPT 2019
SUSTAIN ABOVE 174.10
WILL GO 178/184
STOPLOSS 170
CMP 173.75
Apollo Tyre - buy above 177 for Targets 178- 180- 183 - 186+ Apollo Tyre - buy above 177
for Targets 178- 180- 183 - 186+
SL 171
All Above levels are cash levels
ApollOTyres : Low risk sellOverall long term chart is weak
short term it Has bounced well from its lows of 144 in early aug to 172 levels now
It is currently in a no trade zone.. I would wait for it to go below 167 where a down move can start. With stops at 176 we can expect a new intermediate downmove to take us back to 144 possibly.
APOLLOTYRE Short Setup [Intraday]NSE:APOLLOTYRE Expected short possibility on the break above 173 at 174.65 with SL at 176.15 and TP at 171.70
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
NR7 DAY FOR APOLLO TYREAFTER CONSOLIDATION IN UPTREND IT SEEMS IT MAY BREAK OUT TO 181-182 LEVELS
TRADE SHOULD BE TAKEN ONLY AFTER BREAK OT OF THE CONSOLIDATION.
IT HAS STRONG SUPPORT AT 168.5
