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Stock of the day : Apollo Tyres Ltd For Target Rs. 560 - Religare Broking
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Apollo Tyres Ltd
* After a decent correction from record high levels, the stock retraced to the support of its long term moving average i.e. 200 EMA.
* The stock consolidated in a broader range shaping into a reverse triangle pattern.
* It has also registered a breakout from its falling trend line which suggest resumption of uptrend.
* Thus, traders can consider longs in the mentioned range.
Buy Apollo Tyres Ltd CMP 528.65 Range 528.65 SL 512 Target 560
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SEBI Registration number is INZ000174330
