Pitchfork is showing good frequency capturing the price movement so we can go long around lower Median Line or around 191 wish Stop Loss 182(closing basis) for a target of 210.
Apollo Tyre has been trading in down trend and forming a bearish flag pattern and approaching the bearish channel resistance also, traders may go short on slightly higher price with a target of 175 in near term if broken this level then next target may be around 160 in short term.
Apollo tyre after breaking the bearish channel seems to be struggling to break long term resistance (198) 38% fibo level. traders may enter long only if it open above the resistance then it will trader higher else it will trade further down with a target of around 187 in near term.
first a bearish engulfing pattern there and then dark cloud cover over there and then negative divergence there
it is giving a bearish outlook there short the stock!!!!!!!!!!!!!!!!
There is an evening star right at the top level 199 as expected from previous short term trading strategy -look for a bounce in the zone 195-200 -if holds- come out.
Here we go- started with an evening star- channel restriction -can it be bears googly ball to clean bowled the bulls- have we started the move down- you need to get the answer yourself.
Few of the...
(L-S)- Long First & Short Later
Since 2009 lows of 14- Apollo Tyre has traced outs its impulsive & explosive 3rd wave at highs of 250 where it travels 261.8% of wave-1 distance. Since top@250's -it has been moving into complex irregular correction whose 2 legs are done & likely final leg is in progress.
From the tops@235- the move is quiet impulsive, which could...
ApolloTyre is giving a Buying Opportunity with a Short Term Target of around 204 levels. One can keep stoploss around 178 levels for the long positions. This move can possibly extend and go higher but I am giving short term targets keeping the current wave setup as a correction. Any inputs are welcome..
Apollo Tyres seems to have entered in to up trend, it made breakout breaking the bearish channel and it closed today exactly at 50% fibo level. the stock today closed with bearish sign (dark cloud cover).traders may enter short for tomorrow and buy at when it retraces to support (buy on dip).
Apollo Tyres has been trading in the bearish trend and trading in the bearish channel, it closed green on week end and seems not enough strong to breakout upward. It may test the channel resistance and again may trade in channel support. Traders may enter short at slight higher price somewhere between 191-191.50 for better entry price and small stop loss with a...
After finishing impulse wave 3 in mid-October, APOLLOTYRE has found itself in correction mode (wave 4).
Although the price decline in wave 4 has been fairly steep, we cannot deny the fact that it is close to 50% retracement level of wave 3. Further, as indicated by the shaded green region, zone 190-195 is very critical for further movement.
If the stock gets...
Stock is trading in Bearish channel and if in coming days Top of Wave 1 (180 level) is taken out, then Impluse Elliot pattern would stand invalid and the stock should head down to 160 levels which is major support.
It is been observed on the hourly chart that the price action breaks and closes above the previously down trending trendline, indicating a strong bullish move ahead. Now it shall further move up to next resistance levels at 210.
Target: 210
Stoploss: 193
Completing W4/alternate count W4.W with internal structure ZZ. Apollo trye can have immediate trend up for a X wave r W5. immediate short term target can be 203 which is the TL resistance.
Long term targets if its W.V is 223/244/256/278/297
if W.4.X then 207/212/217
Entry 193
SL 188
Target 1 203
Target 2 TSL
risk 5
ROR 1 2
Apollo tyres is looking bearish and approaching to near term support to 190.23-190.00, further upward may be seen tomorrow if market open green up to 204.00 else it may seem to remain in bearish mode. trader may go short in Apollo tyres for a safe target up to 190.50.
If the wave counts are correct and Bearish Butterfly has completed it's D leg, We can expect some wave C (part of correction ) to go around 195. If wave C is expanded like wave 3 (Shown in the chart) it can go even deeper than that.
Kindly confirm at your end before taking a trade.
