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Apollo Tyre struggling to break resistance.

NSE:APOLLOTYRE   APOLLO TYRES
Apollo tyre after breaking the bearish channel seems to be struggling to break long term resistance (198) 38% fibo level. traders may enter long only if it open above the resistance then it will trader higher else it will trade further down with a target of around 187 in near term.
Trade closed: target reached: close short positions of apollo tyre