Educational Purpose.
apollo tyres long term short view
@yogi_sharma. This is another example, notice how eicher and mrf both first broke the channel and hovered around trend line and then free falled.
I AM bearish on the overall tyre sector upto MONDAY 16/04 ...& certain levels AS it has given a good run already and should take a pause , correct a bit , retest levels , and then can climb high ! OVERALL THE RAW MATERIALS REQUIRED , SHOULD BE KEPT CLOSE EYES ON !!