APOLLOTYRE trade ideas
Price Action Diverganceprice making lower low and indicator making higher low also Bulish Engulfing. Buy @ 203 Tgt- 220, SL- 193 on closing basis.
Apollo Tyre Rounding top Formation Stock completed Rounding top Formation and can see a fall. Levels are mentioned in the chart.
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APOLLO TYRES || ON A TRICKY TERRAINApollo Tyres on a weekly chart has taken support at levels of 192-193 and has bounce back giving a divergence on the RSI from a oversold region. The MACD also is showing convergence. A major part of the move has already taken place from 193 to 220.
What needs to be seen is as to how far would this upward move go with Fibonacci retracements placed at 224.5, 235 (for move from 244.85 to 193). Interestingly 235 was the level from which it gave way and move towards 193 and so it needs to be seen as to how does it behave at those levels.
Would be taking a back seat and seeing as to how far would it go before turning around. I would appreciate if someone can put a number to the move and back it up with their explanation on the same.
Apollo Tyre Daily Analysis Bullish Bat = Daily Demand zone CApollo Tyre Daily Analysis
Bullish Bat = Daily Demand zone
CMP 209.1
Targets 213.3-219.3-225.3-233+
Add more if get near 200 levels.
APOLLOTYRE - Bounce back -- go long The stock has retraced completely and it is likely to test the fibonacci level of 23.66% (Rs 222)
The stock has a support zone around 200
Aim for a target of 218 and then 222
SL - 205
Sell on Rise One can look for short selling on reversal in this Level , and look to book as per forecast with trailing stop
[Intraday] APOLLOTYRE Bounce Short TradeShort below 206.20, SL PDH
PDH = 211.50
If gap uo or down, follow 5m ORB.
APOLLO TYRES NSE : APOLLOTYRE LONG 1 To 2 DaysAPOLLO TYRES NSE : APOLLOTYRE LONG
Buy Above 210
SL-201
T1-216
T2-218
T3-222
BUY ApolloTyre positionalBuy ApolloTypre positional for a target of 209/218/225/230. Positional stoploss 195 on closing basis. Below 193 it will become a positional short.
APOLLOTYRE Sell Around 210 SL 215 TG 195-180Broken the support of 210 on daily weekly and monthly chart
APOLLO TYRE UPDATE-FEB-06-2019FUTURE TRADERS BUY 195 AND HOLD TILL 210..
INVESTORS WAIT FOR DIP 165 ..OR TAKE SOME QTY AT 195 AND ACCUMULATE TILL 165
