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APOLLO TYRES LTDAPOLLO TYRES LTDAPOLLO TYRES LTD

APOLLO TYRES LTD

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APOLLOTYRE trade ideas

Risky but it's an opportunityHello Investors, This is a risky one but absolutely I see this as an opportunity. It has corrected almost 17% from the all time high and you can see the support trend line is passing and it could bottom out near the trend line or it might break the trend line and bounces back and close in the future. That will be the time I will concentrate. You can also visually see the history of continuous red candles and a huge bounce back This is absolutely risky one but we have a good opportunity to to invest for a swing where one can expect 10 - 15 % returns. Thanks
NSE:APOLLOTYRELong
by karthikje
$NSE:APOLLOTYRE Looks Sell Side Dear Followers, I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock NSE:APOLLOTYRE I have been monitoring. Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy. If Stock Break 382-380 level then possibly we can see 375,370,363 level so if you are ready to take Risk then I have 2 Strategies For Month Of Sep Series that we can Deploy. 1) Buying an Option Strike Rate = 385 PE Buy Near 9 Stop Loss= 6 Target = 13,16 Time Frame 6-7 Days Investment = 15300 maximum Loss= 5100 Profit Upto = 12000 2) Hedge strategy Stock Name- NSE:APOLLOTYRE1! Future Entry Level - Below 385 Future Stop Loss Level- 393 Future Target Level- 377,373,370 Option Level- 385 CE Near 12 Investment = 30000 Maximum Loss = 9000 Profit Upto = 16000 Best Regards, Ajay Metha
NSE:APOLLOTYREShort
by PrachiMetha
APOLLO TYRES breaches all supports on big volumeAPOLLOTYRE Q1 results seem to have disappointed the market badly. Price crashed over 8% yesterday after results were announced. However, the chart has been indicating some brewing problem in the counter since mid-July, that is more evident now, post facto though! RSI has been in negative divergence to price (as price was making higher highs, RSI was making lower lows) since late June. As the uptrend channel connecting the highs of June 21st, & July 11th – corresponding to the highs of RSI peaks – was breached on the downside yesterday, the play of the divergence is confirmed. The breach of price also coincided with the simultaneous breaches of the prior low of 412 and the 50 DMA support. The volume yesterday was 5 times the average volume indicating the extreme selling pressure. A review of the RSI since July 31st shows that it was struggling to enter its bull zone above 60 as the 60-level turned into strong resistance area (yellow highlighted on RSI). Last but not the least, RSI breached its 40 level and entered the bear zone, first time after mid-March. Currently it is trading on 390-400 support area. If Apollotyre breaches 390, next support is around 360-350 level. No recommendation, only personal observation.
NSE:APOLLOTYREShort
by RajuDatla
APOLLOTYRE Bears Getting Ready to Roll it Down!!!!!Chart pattern looks prudent and paving way for the above titled short view REASONS 1. Apollotyre has been trading inside the Expanding Triangle ( shown below - Monthly wholesome view ) 2. Now, it seems it has finished the upswing move and ready for downswing inside the channel . 3. Weekly time frame shows the Ascending channel in which it is travelling smoothly respecting the levels. 4. Shooting star weekly candle at the perfect trendline resistance adds probability to the Short view 5. Strong DAY close above the shooting star candle can be the perfect stop loss(if entering now- bit high risky) & Target levels too mentioned as bright dashed green lines . 6. This is a long term view. ...it needs to breakdown out the purple trendline(which we can expect in next few days) and then out of the yellow channel 7. Breaking down out of the Yellow channel can be the confirmation for less risky entry. Remember, Apollotyre is one of the Most volatile FnO stock (more than twice of nifty) and we can expect the same nature in future too will update as it moves!!! NOTE- Just Sharing my view...not a tip nor advice!!!!
NSE:APOLLOTYREShort
by mmjimm