Apollo Tyres Good buy for Investment.
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I am sharing Apolotyre for the long term investment .
Keep in mind that it is a vision on a monthly chart, so it probably has a time horizon of years.
It generated a great bullish momentum from 2013 - 2015.
After this abrupt rise, we see a great corrective process that lasted from 2015 -2016
After that a huge upside move seen from 2016-2018 and
then we saw a huge correction from ATH and it lasted frm 2018- april 2020.
Now its rebounding.
The next resistance zone is 194-200 level.
So it may be a good buy for the tgt of 200/226/248/265/298
Good buying Zone may be 160-170..
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
Keep in mind that it is a vision on a monthly chart, so it probably has a time horizon of years.
It generated a great bullish momentum from 2013 - 2015.
After this abrupt rise, we see a great corrective process that lasted from 2015 -2016
After that a huge upside move seen from 2016-2018 and
then we saw a huge correction from ATH and it lasted frm 2018- april 2020.
Now its rebounding.
The next resistance zone is 194-200 level.
So it may be a good buy for the tgt of 200/226/248/265/298
Good buying Zone may be 160-170..
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
Note
3rd tgt achieved.Note
From 184 to 256
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