Apollo Tyre

Hi All,

Please keep Apollo tyre in your watch list for next week. Its for short term only.
It rallied in Dec 2011 from the levels of 50 - 56 and made an high of 94.8.

In April 2012 there is profit booking or correction, again from June it rallied from support levels of 70 - 76.

Regards
sujan

 

shabbir, On 19-04-12, there is an high of 94.8.

 

May be we need to wait till it break 87 - 89 range.

 

I think it can be consider above 88 but there are two resitances very near, so I think we should wait to break those resitances to consider buy for safe play.

 

Apollo today's high is 91. it crossed resistance range of 86-89 range.

 

Watch Apollo tyre closely next week. Last week it gained almost 5 % and also crossed 86 - 91 range. again it can be buy for this week above 93.

 

Interesting to see if manage to cross 95 with volume, if crossed which I am 90% sure because tyre sector is zooming from last 2 weeks then it will rock.

 

Apollo made an high of 95.20 today. its a breakout of previous 52 week high.

I'm still holding. Stock went up 10% in week time from the time call given.

 

Very good now it will rock.

 

So we can make entry now.

 

Yes u can.

 

Apollo made an high of 100.80 yesterday.

 

Apollo after making an high of 100.80, corrected to 93 level.

Now again today it made an high of 100.2 from 93.

 

Today closed at 99.90 and couple of days back closed at 100. Good volume recorded.

Shabbir good to eneter now with stop loss of 94 ?

Thanks

 

Apollo having strong resistance at 102.50

 

Sujan, just curious. How did you found out - strong resistance at 102.50 ? It peaked 102 several times on several intradays in past but never crossed it - thats why ?

 

This is the 5th day continuously , it is trading in range of 98 - 102.