Buy Apollo Tyres Ltd Target Rs. 280 - Religare Broking
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TECHNICAL RATIONALE
We’re seeing noticeable traction in the auto ancillary and other auto-related stocks and Apollo Tyre trading in sync with the trend. The recent dip to the breakout (neckline) zone of the consolidation range is offering a fresh buying opportunity. We thus recommend creating longs in the given range.
Buy Apollo Tyres Ltd CMP: 254.60, STOP LOSS 240, TARGET 280
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