Buy above 224 Tgt 228,232 and 237 SL 220
Sell below 217 Tgt 214,211 and 208 SL 220
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