APOLLOTYRE trade ideas
Great return in APOLLOTYRE based on my previous chart analysisOn Jan 20th published a breakout opportunity around 201-203 levels in the APOLLOTYRE.On 25th Jan the price is reached 240 level. I hope you guys are booked the profit, Apologize for the delayed update.
The previous chart analysis is included in "RELATED IDEAS".
Trendline breakout on APOLLOTYRE.The stock has broken above a multi-year resistance trendline and has completed a pullback. More upside can be expected in the coming days.
All levels mentioned in the chart.
Bullish trend in Apollo TyresApollo Tyres
The company has made Two fold increase (consolidated ne profit of ₹444 Crores) in its third quarter ended December.
Trend Based Fib-ABC pattern:
CMP: 191.65
Stop loss: 192.4
Target 1: 206.05
Target 2: 214.5
Target 3: 221.30
All target achieved
DMI indicator:- +DI cross over -Di on 19 Jan and as on date ADX indicate the bullish trend will continue in coming time.
Apollo Tyres Good buy for Investment.I am sharing Apolotyre for the long term investment .
Keep in mind that it is a vision on a monthly chart, so it probably has a time horizon of years.
It generated a great bullish momentum from 2013 - 2015.
After this abrupt rise, we see a great corrective process that lasted from 2015 -2016
After that a huge upside move seen from 2016-2018 and
then we saw a huge correction from ATH and it lasted frm 2018- april 2020.
Now its rebounding.
The next resistance zone is 194-200 level.
So it may be a good buy for the tgt of 200/226/248/265/298
Good buying Zone may be 160-170..
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
stay long - reasoning belowmomentum rsi study
hourly=76 > 4h=73 > daily=70 > weekly=68
all big time frames above 55mark
as per this parameter - stay long till
daily rsi close is above weekly close
weekly time frame can be kept
as support trend line for long
rounding pattern neckling cross on 4hour tf
weekly chart below for reference
Inverted cup and handleThe stock is making an inverted cup and Handle pattern and looks weak below 194.7 level.
APOLLOTYRE - Technical AnalysisAPOLLOTYRE - Technical Analysis
* Combination of long term trend line, support @ 195 & Fib level 0.618.
long apolo tyresApolo tyre
Retesting done of breakout level
rejection at 61% fib level
rejection at previous support
volume regaining
SELLING OPURTUNITY IN APOLLOTYRE ONLY INTRADAY CALLSELL BELOW 199 LEVELS WITH SL OF 201.50
TARGET OF 195-190
APOLLO Tyres Stock is given a major level breakout on weekly charts
resistance level was around 180.00
now we can go for a buy from current level
At the price of 190.00 or it will be good , wait for some retracement
at 180/185 to make a fresh buy position
or we can look for a buy above 200
The next resistance zone is at 240 levels
Disclaimer:-
" This is not A BUY OR SELL recommendation. "
please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only .
DO your analysis properly
Long TL breakout support opportunity for 20% returnsAll explanation is explained in the chart with the target level
Apollo Tyre has given a good breakout from symmetrical triangleApollo tyre has given a breakout from Symmetrical triangle for a target of 230. Stop loss is to be kept below 178 on a closing basis. Let's see how it pans out.
Disclaimer: - These views are for educational purpose only and not a recommendation.
BREAKOUT CONFIRMED ON WEEKLY CHARTS | LONG SETUP!!!Stock has confirmed it's inverse head and shoulders breakout on weekly charts over the levels of previous close, it looks ready for a big upside move from here as tyre stocks are still in traction. A long position is recommended with the mentioned stop-loss for the mentioned targets.
Apollotyre BO with good volumeAbove 204
Target 223-240-260
SL below 170
BO given with good volumes
already given from 144
