Stock of the day : Apollo Tyres Ltd For Target Rs.415 - Religare Broking Ltd
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Apollo Tyres Ltd
* Apollotyre has been consolidating in a range i.e. 365-395 for the last three months.
* The recent traction in the tyre pack combined with uptick in volumes is pointing towards a breakout soon.
* Besides, the support zone of multiple moving averages is further adding to the positivity.
* We thus recommend creating fresh longs in the mentioned range.
BUY Apollo Tyres Ltd CMP 387.40; Range 386-389; SL 374; Target 415
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SEBI Registration number is INZ000174330
