Thursday, June 13, 2013



APOLLO TYRES is one of the volatile stock from Auto sector pack. Stock is forming triangular format. Day before yesterday stock made a doji when it have to take reversal of its direction on daily charts. Yesterday stock had a good move with volumes supported.If stock trades above 92.80, one can go long on the stock for a target of 94.20/96.22/101 levels.

If stock did not give breakout then be short side at trend line to see the stock moving to triangular pattern bottom till 87.20.

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