In Channel movement of APOLLOTYREAPOLLOTYRE has been moving in a parallel channel. Could start an uptrend from here. Be careful if channel if broken towards downside.
APOLLOTYRE trade ideas
APOLLO TYRES - LONG SetupAPOLLO TYRES - LONG Setup
BUFL, Breakout, Up Trend
Entry - 114.5 only with confirmation entry.
SL - 112.5
T1 - 125
T2 - 131
T3 - 134
Apollo Tyres from 5 July 2020The 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 ...
APOLLO TYRES - LONGSTOCK IS IN THE BREAKOUT POSITION AND SLIGHTLY ABOVE THE SUPPORT OF THE 20 DAYS DEMA WITH POSITIVE DIVERSION AT RSI.
IF THE MARKET DOESNOT FALL, THE STOCK WILL WITHIN THE WEEK GIVE A HUGE MOMENTUM.
APOLLOTYRE - Direction 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
buy apollo tyre; target @175Good time to invest on Apollo Tyre at present levels and look for target at around 170-180 price levels
Apollotyre - Bat patternShort 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 : Sign of 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.
1405. expecting breakout failurethere is a short of 180 and 170 ce of 5.2 and 3.5 may fall. howsoever, pattern looks like bullish breakout, but OI data reflecting otherway.
SL compulsory
Apollo Tyre BullishApollo Tyre fake double bottom formation where as L1 and L2 are new low
Buy above: 168.20
SL: 161.50
Apolo tyres bearish divergence stochastic and MFI have already shown divergence if MACD confirms in next few candles on 4 hour chart then one can go short
Apollo Tyres Short Candidate 8,79,000 new short position created in Apollo tyres, Chart and F&O data suggest, Stock might break previous low in current series.
