Apollo tyre, this stock has not seen a deep correction which is typically happens in wave (2), instead, the stock has gone through a phase of consolidation and the weekly macd indicator has turned positive, the recent bullish crossover in the weekly macd indicator boosted the next step of up move which has been started with breakout along with good intensity of...
APOLLOTYRE has been facing resistance at 235-236 level since a long time. It has tested it many times.The more times a stock hits a level again and again , it becomes weak. And can be broke easily.
T- 260 280 300