Thursday, May 29, 2014

Apollo Tyres support the Trendline (Technical Analysis Mumbai Training.)

Today on 29th May 2014 our Technical Analysis  team has pulled a stock from Tyres Sector– Apollo Tyres.
Here are some facts which we have gathered on Apollo Tyres:-

1) Support the trendline from the 11 March 2014 to 29 May 2014.

2) Stochastic is flat in oversold Territory which signifies higher possibility of stock 
          moving up.

      3) Positive RSI: Here in the following image you can see that RSI is moving upward 
           direction. 

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