Apollo Tyres – Last Close – 66.55(NSE) [08-Apr-2011]
- Bearish breakdown witnessed on daily chart.
- Good Negative Divergence spotted.
- Impulsive leg got completed and corrective leg is on progress.
- The stock likely to test 61 - 58 which are key retracement levels.
- Good Resistance placed at 69.40 levels.
- Sell the stock with the stop loss above 69.40 [Closing].
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