Apollo Tyres Breakout
Updated
After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
Note
Strangely, Apollo Tyres saw a -6% downfall on the day. Unable to break the resistance. Expecting a strong bounce back.
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