APOLLO TYRES
- Apollo tyres moving in up channel formation, this indicates as long as holds above bulls will be favored, so far stock trading near support zone.
- As per technical chart no 2 , stock is facing 50 DMA support, this indicates as long as holds above bulls will be favored, can see some price fall once stock starts trading below 50 DMA.
- Even stock major trend indicator "MACD" and "Stochastic Oscillator" is moving in -ve zone this indicates further price fall can be seen in coming days. On down side stock will find support around 215.
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