APOLLO TYRES
- As per previous report published on APOLLO TYRES, stock failed to break its support @ 160, and from that levels stock bounced back and now showing strong bulls rally. (Click here to see previous report published on APOLLO TYRES).
- Now as per current stock analysis chart no1, stock is moving strong trend line support zone and also indicates that earlier it was finding resistance 50 DMA, after breaking its 50 DMA resistance stock shwn strong bull move.
- Now as per chart no2, stock is finding strong trend line resistance @ 218. For next few trading days Apollo Tyres looking bullish with further strength once its closes and stays above 218.
- Intraday tips - Close watch once Apollo tyres starts trading above 218, if holds above 218 in day trading then intraday bulls action is expecting.
- Suggested Reading - CUMMINS INDIA moving in up channel pattern, further strength expecting once closes above its trend line resistance.
- Suggested Article - Methods of selling in stock market.
- As per graph no3, current bulls rally is supported with good volumes this will favor bulls , and if stock closes above 218 and moved up further then will find next resistance around 247 its 161.8% fibonacci retracement.
- As per chart no4, stock major indicator has now entered in overbought zone by entering above level 70, its a sign of caution for bull. If Apollo Tyres corrects from current levels then will find strong support around 205, 198, 190 and 185.
- Click here to see all the free trading reports (tips) published by us on APOLLO TYRES.
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