ApolloTyres Breakout.. Go Long for Higher Targets!!

ApolloTyre has given a Breakout from its Correcting Trend Channel Indicating the upmove has started and confirmed on the upside.. One can go long the stock at current levels or on some corrections retesting the breakout levels around 170 with Stoploss around 152 and long term higher targets of around 270/290. The Third wave has just started and may or may not give chance to enter on corrections as it will be fast move on the upside with several gap up days. This is just my view on the stock.

Happy Trading!!

Siraj Hudda, CFTe

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Komen:

The Upmove has got the steam again.. Going Higher!!