Apollotyre Downtrend Apollo Tyre Making Lower Low. Retraced to fibo level and heading towards the lower support.
APOLLOTYRE trade ideas
Conventional pattern in ApoIlo tyer On daily chart ApoIlo tyer has formed ascending tringle with broken major resistance of 230.
Having upper supply rove at 240.
APOLLOTYRE longIt forms an Inverse HEAD AND shoulder pattern. Entering a long position when the price move above the neckline.
T1 235 WITH STOPLOSS 220
Double bottom..When a market is going to positive direction their will be nice to move on upward direction...
Double bottom ... When a market is going in positive direction their will be nice move on upward side...
apollotyre head and sholder pattren 1 d strong sell apollotyre head and sholder pattren 1 d strong sell
Key Levels of Apollo TyreThe Apollo Tyre stock is consolidating for some days
Big move is expected in near future:-
Go long near support area with bullish confirmation candle only:-
Can move any direction,Short term this can move any direction as marked level. However long term this can be bought at lower levels. or CE and can be take at lower level as the SL will be not that big.
AppoloTyre is making triangle patten,wait for the breakoutAppoloTyre is making triangle patten,wait for the breakout
APOLLOTYRE - Breakout & Retest - Good for swingThe above analysis is done purely based on price action and chart patterns.
The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup (Entry, SL and Target) is shown in image itself.
Safe traders can wait for today's candle closing and if the level is sustained and volume is still not increasing, then entry can be taken above today's high. SL and Target will remain same
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Broaden wedge pattern brokeApolloTyre Analysis
Stock has broken wedge pattern, expecting target around 220+
let's see.
#Apollo Tyres - Buy (intraday trade)One can take buy in Apollo Tyres tomorrow (for intraday) above 206 SL 199
APOLLOTYRE possible long positionBroke with good volumes
new comers can look out to buy only if it sustains above 193
else high chance of consolidating
keep stop loss wisely
