APOLLO TYRES: Observation for Reversal
Technically Retaced Fib R 1.13.
Enter into Trend finding Zone from Below.
Some Fundamental reason:
Crude Price Turn from Upper Band to Lower Band.
Rupee also do so as against Doller.
Thus Probability of Cost of Synthetic Rubber also do same as Crude & Rupee.
Impact Decrease in Expenditure.
Tyre sales Increase in Festive Session.
Impact: Top-line Growth.
...... levels mentioned on Chart.
Education purpose only.
Enter into Trend finding Zone from Below.
Some Fundamental reason:
Crude Price Turn from Upper Band to Lower Band.
Rupee also do so as against Doller.
Thus Probability of Cost of Synthetic Rubber also do same as Crude & Rupee.
Impact Decrease in Expenditure.
Tyre sales Increase in Festive Session.
Impact: Top-line Growth.
...... levels mentioned on Chart.
Education purpose only.
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