Stock of the day : Apollo Tyres Ltd by Target Rs. 520

2025-09-03 10:59:03 am | Source: Religare Broking Ltd

Stock of the day : Apollo Tyres Ltd by Target Rs. 520 - Religare Broking Ltd

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Apollo Tyres Ltd

Buy Apollo Tyres Ltd CMP 487.80 Range 485-488 SL 469 Target 520

* APOLLOTYRE exhibited a strong bullish breakout, maintaining a consistent pattern of higher highs and higher lows.

* The daily chart revealed a validated inverted head-and-shoulders pattern, indicating bullish continuation.

* Post-breakout, the stock has been well-supported by sustained trading above critical moving averages, including the 21, 50 and 100-day DEMA.

* This technical configuration underpins a favorable outlook, suggesting that investors may consider initiating buy positions at strategically recommended entry points.

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Stock of the day : Apollo Tyres Ltd by Target Rs. 520 - Religare Broking Ltd

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