APOLLO TYRES LTD
Diupdate

Apollo Tyres Breakout

581
After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.



Catatan
Strangely, Apollo Tyres saw a -6% downfall on the day. Unable to break the resistance. Expecting a strong bounce back.

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