Apollo Tyre - Technical View - Enter above 77 for a target of 94 - Dewang K Mehta

Dear All,

If the stock “Apollo Tyres” opens in the green tomorrow especially with a gap up and with decent volumes then we will have a confirm break out on this stock from an inverse head and shoulder pattern.

If this stock does close in the green tomorrow then, I would be a buyer of this stock around 3:25pm for a target of 94 / 100. Time frame should be within 6 months.

Stop loss if this stock does break out would be at 67 considering our entry point above 77.

Stock Name	Entry Point	Profit booking Levels	Stop loss level	% Gain
Apollo Tyres	77	94	67	22%
Apollo Tyres	77	100	67	30%

Thanks,

Dewang K Mehta

DENIP Consultants Pvt. Ltd
Disclaimer Post Applies