APOLLOTYRE trade ideas
Long ( Short term trend trade ) I am re posting this post after an deep down move profits we booked in Complex Internal wave ,
One has to wait for daily reversal as it has paused dropping down ward move , but needs complete reversal so one can look for entry and exit with trailing stop near
the forecast target
APOLLOTYRE - Bullish Shark 17-FEB-2020 (Positional)APOLLOTYRE - Bullish Shark 17-FEB-2020 (Positional)
CMP: 154.45
Buy: 145-151
Targets, 155.40, 164.25
Stop loss:142.80 (15min candle close)
Chartby: KD
Changing Dynamics of Structure When Automated trading so called algo trading started we anticipated that there will be differently change in the pattern formation and now we are finding it more often then in the past
What is most dangerous to retail trader is that they can not identify such changes on real time , I get every day messages of the retail trader who stuck in one stocks or Futures ,
Today one must able to recognize these changes and exit the trade with or without small loss ,
This scrip We ware expecting this will make an straight move but it entered in a complex
structure which is so difficult for even the expert in the pattern identification ,
I am noticing a change in the pattern occurring in this scrip one can wait for proper reversal to trade with in this channel
APOLLOTYRES, I believe the worst is left behind now.Had a corrective 5 wave fall on higher time frame, now doesnt look like its falling any more, Unless there is some unaccounted news (which obviously is always a risk in the markets) It will continue to rise.
Yesterday there was volume buying, today its showing a 61.8% retracement and holding it so far. I cannot guarantee about the Time-To-Targets, but I strongly believe that it should stay above the cmp. A sl mentioned on chart should be maintained.
Note, This is not a recommendation. Do your analysis and calculate your individual risks/
P.S, not my regular zone trade.
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.
Apollotyre ShortExpecting Apollotyre to continue the downtrend as it has retested the 200 EMA
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Apollo tyre - MonthlyApollo hospital - daily
Fib .618 support @ 154
previous support zone - 140-150
rsi holding 40 levels
Major support zone @90-96
Apollo tyre - strong breakout expected above 170+slopping trend-line breakout above 169+ target 175-180.
stoploss 165
Apollo tyre View by HitlersApollo tyres, as RSI indicates oversold, it might correct bit before moving to positional target of 200
below the traingle short ,,,,,,above the traingle longself explanatory as mentioned in the chart, i gave along with the fibonacci numbers as well
