Apollo Tyres Ltd – Technical & Fundamental Insight

Apollo Tyres Ltd – Technical & Fundamental Insight (SEBI Reg. INH000019886 | Educational Purpose Only) 🔹 Technical View: Price moving inside a strong ascending channel. Bounce from 20-EMA + mid-channel support shows buyers active. Bollinger Bands steady; RSI ~59 indicates healthy momentum. Key Levels: 🔼 Upside: ₹545–₹560 🔽 Supports: ₹510 / ₹492 🔹 Fundamental Snapshot: Leading tyre maker with strong India–EU presence. Margins improving as raw material costs soften. Solid cash flows & steady demand support growth. 💡 Above ₹545, channel breakout can open higher targets. ⚠️ Disclaimer: Educational only; not a buy/sell call.