APOLLOTYRE has given breakout from the downtrend resist line with good volume & now retesting the trendline & the support at 215 level.
This support level is a confluence of 50 EMA (4H)/200 EMA (1H) & Fib level 0.5.
On weekly (1W) TF, it formed morning star formation from strong support along with the golden cross (50 EMA crossing 200 EMA).
A possible long position on bullish confirmation with given targets.
This support level is a confluence of 50 EMA (4H)/200 EMA (1H) & Fib level 0.5.
On weekly (1W) TF, it formed morning star formation from strong support along with the golden cross (50 EMA crossing 200 EMA).
A possible long position on bullish confirmation with given targets.