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 "