APOLLOTYRE trade ideas
Short Opportunity in Apollo TyresAnticipating breakdown to lower side.
Trade ONLY after breakdown, as this can be a false signal and might breakout on upper side.
So better wait for confirmation.
Risk reward ratio is very favorable so one can go for this trade after confirmation.
Short -147
T1- 133
T2 - 125
Apollo Tyres Breaks on Looks bearish and could retrace back to 149-147 levels.
Points Noted on Daily Chart:
1. Bearish Pattern Forming
2. Resistance
3, Increasing price with low volume, bearish indicator
