Apollo Tyres chart view; Losing grip on the road ahead

Apollo tyres
CMP 229.65

The stock looks likely to be loosing its grip. It may be looked for downside target of 224 / 221 in the short term

View gets invalidated if trades above 233

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Comment:

target 1 achieved.
In a slightly longer duration the stock may fall to even 208 levels.

Consider booking profits as per risk appetite.

Comment:

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Trade active:

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Trade closed: target reached:

Target of 208 done. Low made so far 207.80

CMP 211

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