[Premium] Trade Of The Week

Apollo Tyres broke out a big base breakout in the week gone by. With the price closing above the 2018 high of 307, we're looking at a new all-time high in the stock. As seen in the indicator pane, the momentum is comfortably placed in bullish territory. On a relative basis too, the stock has been displaying strength.

A sustained move above the breakout zone of 307, could take the price much higher towards 450. But it is imperative that the risk management levels are respected. A move below, 307, and an exit would be on the cards.

Click on the chart to zoom in.

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Allstarcharts Team