Another stock that came on my radar is apollo tyre.
The stock has been moving in a range for the past 4 months.
Last week its closed well near its highs.
Now if the stock sustains 190 levels on the weekly basis, the stock might test its upper range 240- 255.
And if the range breaks on the upside, the stock could test its all-time highs i.e. 307.25.
Apollo Tyres is making HH/HL from past couple of days & currently at trend line resistance 98.
If cross 98 ... we can see short term uptrend -- watchout market direction before trade.
If cross above 98 and sustains, we can expect targets -> 100/102/105/110
Short below 95 for a target of 85 , however stop for the trade is at 105, so risk reward ration is not favorable here, so am gonna pass this short trade, however am keeping this stock in my watch-list because its showing some signs of long term reversal.