Stock of the day : Buy Apollotyre Ltd For Target Rs.408 - Religare Broking
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Apollotyre Ltd
* We’re seeing consistent buying in the tyre stocks and Apollo Tyre is leading from the front.
* It has witnessed a fresh breakout from a consolidation range and is trading at a record high.
* The chart pattern and indications from other indicators are pointing towards a steady up move.
* We thus recommend creating fresh longs in the mentioned range.
Buy Apollotyre Ltd CMP 389.20 ; Range 388-390; SL 379; Target 408
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