BUY-> 114.5-115 SL -> 111.90 TGT -> 121 TK cross over + ABOVE VWAP + CLOUD BREAK OUT + MACD cross over => Momentum continues with good volume buy.
APOLLOTYRE has been moving in a parallel channel. Could start an uptrend from here. Be careful if channel if broken towards downside.
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...
Apollo Tyres is making HH/HL from past couple of days & currently at trend line resistance 98. If cross 98 ... we can see short term uptrend -- watchout market direction before trade. If cross above 98 and sustains, we can expect targets -> 100/102/105/110
Awaiting for breaking the triangle pattern
Short below 95 for a target of 85 , however stop for the trade is at 105, so risk reward ration is not favorable here, so am gonna pass this short trade, however am keeping this stock in my watch-list because its showing some signs of long term reversal.
APOLLOTYRE : Based on trend and support/resistance levels in higher time frames ... if cross above 159.80 in next trading session, can take long trade. PS: the above opinion is purely my own perception and not trading recommendation.
APOLLOTYRE (Apollo Tyres Limited) BUY ABOVE 173.5
Apollo Tyre fake double bottom formation where as L1 and L2 are new low Buy above: 168.20 SL: 161.50
APOLLOTYRE (Apollo Tyres Limited) BUY ABOVE 170
8,79,000 new short position created in Apollo tyres, Chart and F&O data suggest, Stock might break previous low in current series.
DATE : 18/19-09-2019 APOLLOTYRE BUY@ 185 STOPLOSS : 179 TARGET : 195
Short apollotyre at CMP - 177. 1st target is 170.
1.downtrend 2.tweezzer top 3.21 EMA strong resistance 4.good risk reward ration
Fakeout + double bottom buy above 192 sl 188 tgt- 196-200
good for swing trading. Channel.