About meAlumni- Bombay Stock Exchange Institute Ltd.
NISM - V-A, VIII, X-A Cleared- All above 80%.
Teaching price action trading since 2019.
_Martial artist, Pistol Shooter, Presenter, Mono Actor and many more
In this swiftly falling market, here I offer you a good risk to reward in Apollo tyre.
It has took time before it could break out from its sideways cage, its time for it to probably perform!
Lines explain it all, best time to enter was previous candle (a week ago).
But the reason i still posted is to prove that buying at high price is still better as than to loose the whole opportunity.
It's in a strong uptrend !!!
Whenever a stock with good volatility moves in a side ways range - 'It accumulates lot of energy'.
After range breakout stock gives a good momentum.
The Above Chart has given an upward breakout.
Also, price has moved above all moving averages (20,50,100,200) !!
Low risk - High profit...
A very smooth and curvy reversal of weekly trend.
A successful retest and breakout of previous high will give momentum to the stock.
MACD & RSI indicator is very positive.
Its above 20 & 50 MA.
I am very confident on this trade in a long run.
Reliance industries is in a powerful uptrend in daily as well as weekly chart . It gave a good breakout of secondary downtrend line. It consolidated after breakout , which is a sign of sustainable breakout. It is above 20 DMA but below 50 DMA, Once it crossed 50 DMA it will gain good momentum.