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Betashares

APOLLO TYRES: Bullish Peannant Upside 20%Stock is in an uptrend for the last 2 months moving with 0.3-0.5 fib retracement. Now pennant is been formed for the next bull run with 20% return in between next 2-3 months if broke the current higher high. Points to be Note (Technical + Fundamental) 1. Pennant Structure 2. In up-trend for last 2 months 3. Fib levels are 0.3-0.5 & Relative strength restest the positive level. For now, you have to just look at the breakout. 4. Above Critical demand zone 5. P/BV ratio is highly above 1 6. P/E is considerable to Industry standards (double) 7. Net profit is significantly increased 8. Reserves are increased by 15% 9. Promoters have diluted their shares 10. For sure Apollo will hit the 20% up. As their peer, the JK tires is in bull run form last 6 straight sessions 7. ROCE is affected but above YOY 2020 is 10% Let me know in the comments what's your views?
NSE:APOLLOTYRELong
by rajveerscolia

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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