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APOLLO TYRES Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock coming down from resistance, Selling expecting once it closes below 164.50 (Updated On 08th August 2014, Friday).


APOLLO TYRES




  • APOLLO TYRES is coming down from 50 days moving average as shown in graph no 1, this indicates as long stock trades below 50 DMA it will favor bears, chart also indicates stock will test is strong trend line support zone around 164.50. If closes and stays below 164.50, then indicating weakness for next 1-2 trading days.
  • If stock closes below 164.50 and stays below then will find next strong support around 157.50 (50% fibonacci retracement) and 154 (tend line) as shown in graph no 2.
  • Apollo tyres major trend indicators like MACD and Stochastic Oscillator and moving in a -ve zone this indicates stock can give move on down side as long as they are in -ve zone.
  • Click here to see all the free trading reports (tips) published by us on APOLLO TYRES.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.