Have a buy on Apollo Tyres: Sandeep Wagle, APTART
It may happen that around 82-83, Apollo Tyres may consolidate for sometime, come towards 77-78, and then a big move may come.
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| Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, in a chat with ET Now talks about Apollo Tyres.
What is your take on Apollo Tyres on the charts?
I see a lot of strength in the weekly charts rather than the daily charts. So it may happen that around 82-83, it may consolidate for sometime, come towards 77-78 and then a big move may come.
We have a buy with that thing in mind. We have a buy in the range of 81 to 79 and our target is 93. I definitely see a 15% move plus in Apollo Tyres but that would be over the next 2 or 3 weeks. I am quite positive at little lower levels.
What is your take on Apollo Tyres on the charts?
I see a lot of strength in the weekly charts rather than the daily charts. So it may happen that around 82-83, it may consolidate for sometime, come towards 77-78 and then a big move may come.
We have a buy with that thing in mind. We have a buy in the range of 81 to 79 and our target is 93. I definitely see a 15% move plus in Apollo Tyres but that would be over the next 2 or 3 weeks. I am quite positive at little lower levels.
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