Apollo Tyre has given a good breakout from symmetrical triangle

Apollo tyre has given a breakout from Symmetrical triangle for a target of 230. Stop loss is to be kept below 178 on a closing basis. Let's see how it pans out.

Disclaimer: - These views are for educational purpose only and not a recommendation.

Trade closed: target reached:

Although it has reached its target and has given a good move but it is still good for long term. There is a resistance zone around 240-245 zone, it might consolidate at this level for some days, will be positive when trades above that zone for a move till its ATH.