APOLLOTYRE trade ideas
apollo tyre analysis on 6 march 2018
apollotyre TREND CHANGER LEVEL AT 254
LAST CLOSE AT 259.15
apollo tyre FINDING STRONG RESISTANCE AT 271
STOCK ONCE close below LEVEL 254 CAN TEST UPTO 250/246/240
apollo tyre INTRADAY Levels
LONG ABOVE FOR 262 TARGET=264-268-272 STOPLOSS=258
SHORT BELOW FOR 257 TARGET=254-252-246 STOPLOSS=261
Apollotyres 24-07-2017Hi,
Friends with previous publish we saw that it didnt close above 257.5, so till now for long we are awiating for confirmation, currently for intraday we can buy at opening price with very small sl 249 of for target 255
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).
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).
