APOLLOTYREAPOLLOTYRE showing head & shoulder breakout but WITHOUT VOLUME. It may continue towards 515 if gets increased market participation. I would wait for the volume trigger. But definitely keep it on radar.
APOLLOTYRE
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.
#JKTYRE 278 Buy Recommended TGT 325 (17%) SL 250 - Rachit SethiaJKTYRE 278
TGT 325
SL 250
RR > 1.8
TF < 6M
RETURN > 17%
NSE:JKTYRE
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Apollo Tyres - Wave countApollo Tyres - Elliott wave count
Apollo Tyres appears to be completing wave A, with a wave B up move expected soon.
Please exercise caution when trading as this information is for educational purposes only.
NSE:APOLLOTYRE NSE:APOLLOTYRE1! BSE:APOLLOTYRE
APOLLOTYRE CONSOLIDATION BREAKOUT The stock has finally broken out towards the upside after a lengthy period of consolidation, and all signs point towards potential gains. With the momentum firmly on its side and various technical tools indicating a clear path towards higher levels, now is the time to consider jumping on board. Apollotyre has the potential to soar towards price targets of 400/450/500+ and beyond!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
APOLLOTYRE - Bullish Swing ReversalNSE: APOLLOTYRE is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
APOLLO TYREApollo tyre at all time high and making a bearish strong candle can more fall in next session, and there is also trendline support if it breaks then it can more fall.
Preparing for a big breakout>Approaching to resistance after 2018
>Preparing to break 5 years of consolidation
>forming U pattern on daily TF
>A good move can be seen after successfully >sustain above 300
Long Apollotyre cmp 210/200We are long Apollotyre cmp 210/200 Maintain sl below 180 level upside target-300++ till dec-2022
we expect 50% return within 6 month
risk in this trade - 15% on stoploss level
APOLLOTYREWe are looking APOLLOTYRE will go fall.
this is not a trade advice. we are sharing this for only education purpose only.
ApolloTyer long position TradeApolloTyer long position for Cash/Futures
ApolloTyer into Demand Zone now, you can take the entry from 209.30-210 with the Stop loss if a daily candle close below 202 then exit with a loss
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DISCLAIMER:- This Channel Is For ( EDUCATIONAL PURPOSE )
Apollo Tyre 1hr Chart Symmetric Triangle 08 Oct 2021Apollo Tyre 1hr Chart formed Symmetric Triangle 08 Oct 2021. Watch out for Breakout. Need to cross the resistance zone 239-244 for the Target 260. Let me know what do you guys think.
Enter after the breakout - Apollo tyreEnter after the breakout or at the Retesting. Can also hold till November 1st week if there is a breakout.
Apollo at attractive levelsAnother stock that came on my radar is apollo tyre.
The stock has been moving in a range for the past 4 months.
Last week its closed well near its highs.
Now if the stock sustains 190 levels on the weekly basis, the stock might test its upper range 240- 255.
And if the range breaks on the upside, the stock could test its all-time highs i.e. 307.25.
Apollo Tyre Breakout or False breakout Monday decidesTrend seems positive and ready to rally at current price support... hope nifty doesnt spoil the trend.
immediate resistance is at 144 so that will be the target 123 is the stop loss
R-0135 APOLLO TYRE IS STARTING TO ROLL (GO LONG)BUY-> 114.5-115
SL -> 111.90
TGT -> 121
TK cross over + ABOVE VWAP + CLOUD BREAK OUT + MACD cross over => Momentum continues with good volume buy.
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
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
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.
