Short Apollo Tyres, trading in bearish channel.
NSE:APOLLOTYRE APOLLO TYRES
Apollo Tyres has been trading in the bearish trend and trading in the bearish channel , it closed green on week end and seems not enough strong to breakout upward. It may test the channel resistance and again may trade in channel support. Traders may enter short at slight higher price somewhere between 191-191.50 for better entry price and small stop loss with a target of somewhere between 179-178 in near term.