Apollo Tyres in a really sweet spot at the moment,both technically and fundamentally.
Technically is evident from chart.
Fundamentally: Tyre manufacturing industry depends on mainly two raw materials. Synthetic and natural rubber. Natural rubber prices have been falling on account of prevailing risk of global trade war. Synthetic rubber is manufactured from crude...
Hexaware industries has been consistently making Higher Highs and Higher Lows since 2013 on Weekly Time frame,based on that,it is safe to assume that share will indeed breakthrough the current resistance area of 450-460.
Hexaware Industries as been consistently making Higher Highs and Higher Lows since 2013,based on the strong uptrend,it is expected that the script will be able to push through the current resistance area of 450-460.