APOLLO TYRES It has given breakout of Ascending Triangle pattern + retested the breakout area. It has also given breakout of 200 EMA on daily timeframe & from major resistance zone of 205-206 levels. Buying Range 204-207 Targets 213.50-221-227-231-237.50-241 SL 193
01/04 educational purpose only apollo tyre can buy cmp 192.50 sl 190 or below 21 ema on hourly chart target 210+
Apollotyre has completed a sideways FLAT A-B-C correction. Wave C took the shape of an ending Diagonal. Price has headed higher post this in minor wave 1 and corrected in Wave 2. Look for a series of higher highs in the coming days to complete wave 3 and wave 5 of 5 . Price staying a 205.7 will be key for this wave interpretation to be valid.
APOLLO TYRE AS SHOWN IN CHART HOLDING TRENDLINE SUPPORT GOOD UPMOVE POSSIBLE.
Apollo Tyres has reached a major weekly resistance zone, crossing it won't be easy or quick. It will take some sideways days before it could finally give a breakout. Additional confirmation for this hypothesis comes from the channel pattern which has reached its top. Now breaking this channel top will take a lot of buying interest, so considering its previous up...
Buy #Apollotyre cmp. 180.95 with stop loss 178 then the target is 187-190+