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ApolloTyre Short Term Reversal

Long
NSE:APOLLOTYRE   APOLLO TYRES
The stock has reached lower trend line and took support and is ready for a reversal rally provided the breakout of the triangle pattern nearing its end. Trade is supported by brokerage calls and major supports before SL levels. Target is placed near all time high with a risk reward ratio of 1:1. In case of a breakdown of the current triangle pattern it may take the major support and bounce back.