Apollo tyre breakoutRecent time Apollo tyre gave strong breakout with good volume. And it's following new support lines which gives strong and clear idea about bull run.
APOLLOTYRE trade ideas
bullishpurely based on trendline breakout
one can go long on candle close above 278
keeping stop and target based on risk appetite
disclaimer - trade @ own risk
RSI Divergence: Apollo TyresIn NSE:APOLLOTYRE the stock was making Higher highs whereas RSI was making lower highs creating the divergence. The stock yesterday closed below the trendline and so did the Rsi. The target for the same will be the immediate support that is also the channel line of the stock.
* It is my analysis and not a buy or sell recommendation.
Apollo tyres looking good Apollo tyres stock is on their important level also price formed a rising wedge pattern
Small trade opportunity in APOLLOTYRE.Small trade opportunity in APOLLO TYRE. As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reversed immediately.
Target 1: 300
Happy Trading!
Apolllotyre fib levels for swing trade (learning purpose)
* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
APOLLO TYRES BREAKOUT LongHello Everyone,
This is the chart of Apollo Tyres in a Daily timeframe.
I have entered the stock around 227.
Reaason for my entry was
Weekly TF (bullish flag) Breakout
Daily TF (W-pattern) Double bottom - Neckline Breakout entry
Cup and handle (breakout) in Weekly TF
hoping for a very good move upside
closing above 260 will be a good sign for the stock to go upyo 300 and 400 in future.
Apollo tyres 118 to 340 Uptrend As per my analaysis , apollo tyers supported at 118 double confirmations and again go for long in some weeks 340 target
Apollo tyre There has been a confirmed breakout and took retest in apollo tyres target may go upto or above 350 in day chart
Apollo tyre buy trend analysis hi..,
1. Apollo tyre formed bull flag pattern in weekly.., after huge rally in 2020 its traded in rangebound market past 1.5 years
2. now the stock range bound phase done..,
3. also double bottom in weekly breakout
4. buy for swing trade first target 280
target period 4 weeks
5.for investment also gud level of buy target it will hit new.., buy trend for couple of years
APOLLOTYRE - Ichimoku Bullish Breakout Stock Name - Apollo Tyres Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 275
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Apollo tyresagain at the previous retrenchment levels if break and sustain then we can see a sharp up move in short term
APPOLLOW TYRES FLAG BREAKOUT ANALYSIS 01.09.2022BUY :219 TO 210
TARGET : 357 TO 366
Reason For Selling This Script :
In this script it has broken the flag pattern in monthly time frame. Now price has to retest the . Try to accumulate at every dip.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
apollo tyre apollo tyre is a good breackout and small retest
you can buy now in cmp and keep watch 1:3 R:R ratio
YR 2022 Idea #124: Long on APOLLOTYREThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
LONG #APOLLOTYRE @240-250 RETEST ZHON Apollotyre making good price action pattern in weekly time frame NSE:APOLLOTYRE
This stock making (DOUBAL BOTTOM)pattern and break the trandline resistance lavel of 235.stock also break the supply zhon of 240-248 with big green candel with high volume.
today stock gatting retast to resistance brcome support zhon,PEMA(21,34,55) its turn to flat to sloping upside its best singh for long this stock.
my lavels are enter to this stock
BUY = 240-250
TATGET = 280-300
STOP LOSS = 223
Analysis for Monthly Chart of ApollotyreKeep the stock on the radar for the breakout of Resistance1 (262)
This breakout of Resistance1 will also give the breakout of Ascending Triangle Pattern.
The stock has the potential to become an Multibagger stock.
Important Points
Ascending Triangle Pattern
The Resistance and the Upper Length of Ascending Triangle are at the same level.
Analysis of Pattern
Formation of Ascending Triangle Pattern
The Resistance and the Upper Length of Ascending Triangle are at the same level.
Analysis of Moving Averages
The stock had started its correction in April 2018, which was completed by testing its 200ema.
During correction the four ema of 20,50,100,200 periods comes close.
From Dec 2020 the stock has been consolidating by trading above the four ema lines.
The Expansion and Contraction of moving averages makes a wave like pattern
Breakout of weekly chart in Apollotyre The stock has successfully given the breakout of its important resistance.
The stock is ready for the bullish move, it will test the levels of the previous high of 307.
If the price holds the levels of 307 then it will potentially show the levels of 320.
Good for cash and futures.
Points of Analysis
During correction of 80 weeks four exponential moving averages of 20,50,100,200 periods come close.
The stock has given the breakout of the neckline of the Double Bottom pattern.
A successful breakout of important resistance.
Futures
Lot size - 3500
Margin required - Rs 1,85,267.26 approx (zerodha)
Stoploss
Place a strict stoploss according to your trading style.
Apollo Tyres - BullishAfter Impulsive move stock corrected upto 0.5% of Fibb
Now showing a morning Star at the same area
Can go Long with Sl below 0.382 (i.e. 240) approx
Initial Tgts 270-285
[HP] Apollotyres Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Apollo Tyre Apollo Tyre: stock is in uptrend, but from 2014 was in sideways..but now it looks like stock is ready to start fresh move. 300-310 is next resistance, if stock cross this level the. 550+ can seen.
