Apollo Tyres has reached a major weekly resistance zone, crossing it won't be easy or quick. It will take some sideways days before it could finally give a breakout. Additional confirmation for this hypothesis comes from the channel pattern which has reached its top.
Now breaking this channel top will take a lot of buying interest, so considering its previous up...
As Apollo Tyres Weekly has Closed abv 61.8 FIb with good volumes one can look for Entry abv 160 sl 135 tgt 200 for Positional trade
Disclaimer : I am not SEBI registered Analyst kindly consult your Financial Advisor .