Apollo Tyres from 5 July 2020

The stock has been showing good movement May Month .--> markup then cosolidation happened ...
stock is moving toward the new level of 125 zone ....
Monthly increase of max 11% has happened in previous months ... -> max this month 20% (super max)
July opening of 108 has happened --- 108 *1.20 = 129.6 ( super max wick )

Possibility movement scenario ===
1. break the red line goes up ---> retest the red line ==> finally shooting to 125 zone

2. forming triple top --> touches the red line ==> goes down to grey zone ( s/r zone )

no very safe option strategy possible until breakout or reverse happen

if breakout call spread might be good ...

retracement till 112 possible don't lose nerve of steel ...


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