Apollo Tyre seems to be taking support at the trend line
if u see the Weekly chart the retracement has taken place on low volumes
as per my belief it will take support on this trnd line and may go Up , There are 2 fibo resitance
where it may find some difficulty
Rsi is also below 50
Just my Thought :D
The stock is forming a Channel format, and has almost reached the 50% Fib mark ,
I feel it will touch the 68% retracement as the rsi is also falling , good time to buy for the target mentioned in chart
Its my first post so dont know much abt what to write :D
for Educational Purpose :)
enjy
