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APOLLO TYRES LTD

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APOLLOTYRE trade ideas

Apollo Tyres (ticker: APOLLOT)The chart provided is a daily candlestick chart for Apollo Tyres (ticker: APOLLOT) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily - Data Range: From around October 2023 to mid-2024 Price Analysis: - Current Price: ₹481.65 - Price Movement: The stock price has shown a significant upward trend followed by a period of consolidation. - The price increased from around ₹300 in October 2023 to a high of approximately ₹560 in early 2024. - Since reaching this high, the stock has been consolidating, forming lower highs and higher lows, indicative of a symmetrical triangle pattern. Technical Patterns: - Symmetrical Triangle: The chart displays a symmetrical triangle pattern, characterized by converging trendlines of lower highs and higher lows. This pattern suggests a period of consolidation before a potential breakout. - Upper Trendline Resistance: Around ₹500 - Lower Trendline Support: Around ₹460 Trade Setup: - Wait for Breakout: The chart suggests waiting for a "perfect breakout" from the symmetrical triangle pattern. This breakout will signal the next potential move in the stock price. - Bullish Scenario: If the price breaks above the upper trendline resistance (around ₹500), it could indicate a continuation of the previous uptrend. - Buy Target Price (TP): ₹555, which is slightly below the recent high of ₹556.35. - Bearish Scenario: If the price breaks below the lower trendline support (around ₹460), it could signal a downward move. - Sell Target Price (TP): ₹415, which is a previous support level. Conclusion: The chart for Apollo Tyres shows a symmetrical triangle pattern, indicating a period of consolidation following an uptrend. Traders should wait for a breakout from this pattern to determine the next move. A breakout above ₹500 would suggest a bullish trend with a target price of ₹555. Conversely, a breakdown below ₹460 would suggest a bearish trend with a target price of ₹415. The key action is to wait for a confirmed breakout in either direction before making a trading decision.
NSE:APOLLOTYRELong
by The90sTraderOfficial
Apollo Tyres Ltd. (APOLLOTYRE) Breakout StrategyThe chart is a daily candlestick chart of Apollo Tyres Ltd. (APOLLOTYRE) on the NSE, with the current price at INR 393.00. The chart shows a symmetrical triangle pattern, indicating potential price consolidation before a breakout. Key Observations: 1. Current Price and Trend: - The current price is INR 393.00, showing a slight increase of 2.26%. - The price is consolidating within a symmetrical triangle pattern. 2. Support and Resistance Levels: - Immediate resistance is around INR 483.45. - Support levels are marked at INR 453.40 and lower at INR 440.00. - Upper resistance target is at INR 553.15. - Intermediate resistance target is around INR 508.45. 3. Symmetrical Triangle Pattern: - The pattern indicates a period of consolidation with converging trend lines. - This pattern typically precedes a breakout in either direction. 4. Trade Strategies: - Bullish Scenario: - If the price breaks above the upper trend line of the triangle, it could signal a bullish breakout. - Potential targets after a breakout are INR 508.45 and INR 553.15. - A breakout above INR 483.45 could be a buy signal, with targets at INR 508.45 and INR 553.15. - Bearish Scenario: - If the price breaks below the lower trend line of the triangle, it could signal a bearish breakdown. - Potential downside targets could be INR 453.40 and INR 440.00. - A break below INR 453.40 could be a sell signal, with a lower target at INR 440.00. Summary: The chart of Apollo Tyres Ltd. is showing a symmetrical triangle pattern, indicating potential consolidation before a breakout. Traders should watch for a breakout above INR 483.45 for a bullish move with targets at INR 508.45 and INR 553.15. Conversely, a breakdown below INR 453.40 could signal a bearish move with a target at INR 440.00. The current price action suggests indecision, and traders should wait for a clear breakout or breakdown before taking positions.
NSE:APOLLOTYRELong
by The90sTraderOfficial
Keep An Eye - Symmetrical Triangle Breakout soon - APOLLOTYRE📊 Script: APOLLOTYRE 📊 Sector: Tyres 📊 Industry: Tyres Key highlights: 💡⚡ 📈 Script is trading near resistance of Symmetrical Triangle Keep an eye on stock it will give breakout soon. 📈 One can go for Swing Trade only above 515-520. BUY ONLY ABOVE 515-520 ⏱️ C.M.P 📑💰- 510 🟢 Target 🎯🏆 - 557 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:APOLLOTYRELong
by radha_23
APOLLOTYRE Primed for a Bullish BreakoutIntroduction APOLLOTYRE, a leading automotive company, has been making waves on the NSE Stock market recently. With its stock price bouncing back from a bearish trend, the company's shares have caught the attention of technical analysts and investors alike. In this blog, I'll take a closer look at the technical analysis of APOLLOTYRE's stock price and evaluate its potential for growth. Bullish Trendline Breakout The APOLLOTYRE stock price has been following a bullish trendline, drawn from June 22 to the current date. This trendline, which is a key technical indicator, suggests that the stock price is likely to continue its upward trajectory. The current closing price of Rs.488 is rebounding from the 0th level of the Fibonacci fans line, which is a strong signal of a potential uptrend. Fibonacci Fans and Wave Analysis The Fibonacci fans line, which is a popular technical tool, is a key component of the analysis. The 0th level of the Fibonacci fans line, which is the starting point of the trendline, is a significant level in technical analysis. If the stock price can break out of this level, it could potentially go up to Rs.620, which is the 0.25th level of the Fibonacci fans line. This level is considered a strong resistance point, which could provide a strong indication of a potential uptrend. OBV on MACD The On-Balance Volume (OBV) indicator, which is applied on the Moving Average Convergence Divergence (MACD) chart, is also providing a strong signal of buying pressure. The OBV line is showing an increase in buying volume, which is a positive sign for the stock price. This confirms the bullish sentiment and suggests that the stock price could continue its upward momentum. Conclusion In conclusion, the technical analysis of APOLLOTYRE's stock price suggests that the company's shares have the potential for growth. The bullish trendline breakout, the Fibonacci fans line, and the OBV on MACD analysis all provide strong indications of a potential uptrend. With the stock price rebounding from the 0th level of the Fibonacci fans line, investors should keep a close eye on APOLLOTYRE's performance and consider adding it to their portfolio if the stock price breaks out of the 0.25th level of the Fibonacci fans line. 📈💡
NSE:APOLLOTYRELong
by stocktechbot
ApolloTYRE Analysis - Cup and Handle - 1d - SwingPleasure to have you here. This is an investment analysis done for the Tickr, and potential in the Technicals. if you like the idea please like the post :) It will be a motivation to further such ideas. Disclaimer Note:- 1) This is just an analysis setup and no advice to trade/invest. 2) If you are making position, please have your risk to reward analysis and then enter. 3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
NSE:APOLLOTYRELong
by dheerajprakash057