APOLLOTYRE trade ideas
Running DownDowntrend can test 125. There is no major support before this. Also trending in a down channel. Anything below 163 will make it more weaker.
Bullish Shark - ApolloTyre - 4Hr Bullish Shark - ApolloTyre - 4Hr
PRZ: 181.5-183.5
SL: 178.5
TGT: 187, 190
14-06-2019
Apollo tyre - IB7 candle candidate - ready for breakoutApollo Tyre - Strongly buy candidate above 203-205 level and support level 197-199 zone
RSI - looking strong on daily chart..
It's trading in range of rentangle shape drwan on chart.
Once breakout happen it will be shooting up to 207 to 210 level..
APOLLO TYRES - FLGAGGED TO RACE?APOLLO HAD TAKEN SUPPORT AT 175.IT IS FORMING A FLAG PATTERN.
IF THE PRICE CROSSES 199 LEVEL, THEN NEXT TARGET IS 206.
WAIT FOR THE CROSS OVER, AS CHIKU LINE IS BELOW PRICE.
KEEP STOP LOSS AT 192.
APOLLOTYRE (Apollo Tyres Ltd) BUY ABOVE 205.5 APOLLOTYRE (Apollo Tyres Ltd) BUY ABOVE 205.5
Price is maintaining the lower trendline any breakout above 205.5 will be a good opportunity to buy or sell.
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.
Short Apollo Tyres as Head & Shoulder pattern formed and confirmShort Apollo Tyres as Head & Shoulder pattern formed and confirm
Take Short positions once it's breaks 20 Days EMA with a Stop Loss of 226.70 for Rs 50 move downside.
Note: This is my personal view based on the technical charts and data
