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Showing posts with label Apollo Tyres. Show all posts
Showing posts with label Apollo Tyres. Show all posts

Tuesday, November 20, 2012

Analysis on Apollo Tyres


Apollo Tyres is making a falling wedge pattern along with a bullish divergence forming, from a long days.  Still we haven’t seen any reversal candle forming; I expect 77rs will be a good support for this stocks. 89(Neckline of H&S) can cause some upside hurdle. The stock is looking good, the stock have a potential to move at least 12% within 3-4 months


Falling wedge pattern



A Bullish Divergence


SAR