NEW YEAR TRADE
APOLLO TYRES HAS MANAGED TO BOTTOM OUT
AND IS MOVING HIGHER WITH THE SUPPORT OF
A UPWARD TRENDLINE
TRADE THE TRENDLINE AND USE THE ABOVE
LEVELS FOR SUPPORT
The stock looks likely to be loosing its grip. It may be looked for downside target of 224 / 221 in the short term
View gets invalidated if trades above 233
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Take care & safe trading...!!!
Rising wedge forming from the relief rally happening due to the play of H&S.
In short their is still more pain left with this script.
Ideally I will sell at the breakdown from the wedge on the lower side.
All the best.