Stock of the day : Buy Apollo Tyres Ltd For Target Rs. 350 - Religare Broking
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APOLLOTYRE
* APOLLOTYRE has been trading in a steady uptrend since January 2021.
* After breakout from weekly consolidation range, it moved sharply from 240 to a new record high at 343.05 levels.
* It has been consolidating in a range for the last 2 months and looks set for the next leg of up move.
* We thus suggest initiating fresh longs as per the given levels.
Technical Chart : Daily
Buy Apollo Tyres Ltd CMP 332.50; Range 331-333; SL 324; Target 350
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