Apollo Tyres forms Cup & Handle pattern on Weekly chart.
Volume in the downtrend handle looks low.
Also, has given a weekly crossover between EMA50 & EMA200.
If gives handle breakout, one can enter a long position for mentioned short term & long term targets.
Stop Loss is mentioned.
Long term investors can wait for targets of 350-360.
Note: This is only for educational purpose. Trade at your own risk.
Volume in the downtrend handle looks low.
Also, has given a weekly crossover between EMA50 & EMA200.
If gives handle breakout, one can enter a long position for mentioned short term & long term targets.
Stop Loss is mentioned.
Long term investors can wait for targets of 350-360.
Note: This is only for educational purpose. Trade at your own risk.