Titan and Apollo Tyre Technical Analysis

By | June 14, 2013

Titan

Titan

Titan stock has fallen like 9 Pins after RBI declaration on Gold came, Stock has fallen and touched its medium term trendline on weekly charts. Holding 201 the pullback will continue further.

Buy above 224 Tgt 228,232 and 237 SL 220

Sell below 217 Tgt 214,211 and 208 SL 220

 

Apollo Tyre

Apollo

Apollo Tyre has tuched its 52 week low after management made an ambitious plan to buy US firm. Many traders/ investor ran in to buy at 25% lower levels. But my take is let the stock stabilize, as Hindalco and Tata Steel also made such huge buyout and are still under pressure. So do not rush in to buy the stock.

Buy above 73 Tgt 74.4,76.5 and 77 SL 72

Sell below 67.5 Tgt 65,63 and 61 SL 68.6

 

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