THE LEVELS MENTIONED BELOW ARE SPOT LEVELS.
Shown above is the 60 minutes chart of Apollo Tyre. As we can see the stock has given multiple breakouts in today's trading session.
The stock has given a breakout of a downward sloping trend line marked as '1' and has been able to sustain above it. It has also given a breakout of a strong area of resistance engulfed by the parallel lines '2' and '3' and has been able to give a close above it indicating a bullish signal. The moving averages coupled with volume is also supporting the trend. Therefore, I suggest to buy the stock above levels of 178 for targets of 182-184 and one should maintain a stop loss below 172.90.
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