It looks like Apollo tyres is in its Flat pattern (ABC) completion on the DAILY time frame and is currently continuing to finish the next leg of the C wave. The correction within the C (The running flat) wave is done and now its heading lower towards the "A" @ 126 levels from where its most likely to reverse and go upwards. Long positions could be avoided and a meaningful pullback can be sold till it goes almost till/ retests the " A "
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.