Apollo Tyres to move to new highs (with possible Elliott count)Apollo Tyres (along with other tyre stocks) seems bullish in the long term as it's broken out of it's corrective downtrend channel. Earlier I'd posted updates only for MRF (links attached), but both Apollo Tyres and CEAT can be bought too with targets above their all time highs (and SL as their June/Jan 2016 low).Longby tushargupta19914
Bullish on Apollo Tyres (long term perspective)Apollo Tyre seems to be in it's final up move to new highs. All pullbacks (including the one going on now) can be bought (with an SL on wave IV low).Longby tushargupta19912
Short Opportunity in Apollo TyresAnticipating breakdown to lower side. Trade ONLY after breakdown, as this can be a false signal and might breakout on upper side. So better wait for confirmation. Risk reward ratio is very favorable so one can go for this trade after confirmation. Short -147 T1- 133 T2 - 125Shortby K-TOS2
Apollo Tyres Breaks on Looks bearish and could retrace back to 149-147 levels. Points Noted on Daily Chart: 1. Bearish Pattern Forming 2. Resistance 3, Increasing price with low volume, bearish indicatorShortby NeeteshJain6