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APOLLO TYRES LTD.APOLLO TYRES LTD.APOLLO TYRES LTD.

APOLLO TYRES LTD.

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APOLLOTYRE trade ideas

Apollo tyre buy at 450 looks good. Aim 600We reiterate our BUY on Apollo Tyres. ATL Its continuous focus on premiumisation Its priority to operating performance in place of plain-vanilla volume growth Judicious capex plans and Disciplined capital allocation plan. ATL continues to sustain its operating profitability via improving product mix focusing, given it has been reporting EBITDA margins above 18% for last two quarters. Given that the ATL is prioritising operating performance over volume growth we expect its bottom-line performance would beat its topline performance in medium term, subjected to sustenance of operating excellence. So far, tyre players have been demonstrating a pricing discipline in the domestic market, however recently tyre players have undertaken a slight price correction in the TBR segment. Following the industry trends, ATL has also rationalised prices by 1.5% in 2 SKUs in TBR segment.
NSE:APOLLOTYRELong
by dsuhag
Apollo Tyre is looking for an awesome BO #SuperChartzKey levels: Support: 415 CL Resisitance: 473, 514, 589 Description: Fundamental are very strong: The company's decision to reduce debt is a fundamental strength. It enhances financial stability, reduces interest expenses, and reflects a prudent financial management strategy. A consistent and healthy dividend payout of 40.6% indicates strong cash flow and financial confidence. This is attractive to income-focused investors seeking reliable returns from their investment. The increase in EPS from 6.25 to 7.4 signifies improved profitability. This growth reflects the company's ability to generate higher earnings, a fundamental indicator of financial health and efficiency. Technicals on chart is promising: Cup and Handle Breakout: The technical analysis reveals a Cup and Handle breakout on the daily chart, signaling a potential shift in momentum to the upside. This bullish pattern is often seen as an opportunity for traders to capitalize on potential price appreciation. Chart Momentum: The positive technical momentum is indicative of increased buying interest. Traders and investors may interpret this breakout as a signal to enter positions with the anticipation of upward price movement. Market Sentiment: The Cup and Handle breakout not only provides a technical entry point but also reflects positive market sentiment. This can attract additional investors seeking to benefit from the perceived bullish trend.
NSE:APOLLOTYRELong
by SuperChartz
5
APOLLOTYRE Bullish; above 446 on Monday 4 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:APOLLOTYRELong
by JJ_Breakouts