Apollo Tyres Ltd. (NSE: APOLLOTYRE) on a weekly timeframe

🧠 Technical Overview (Weekly Timeframe) Current Price: ₹507 Major Resistance: ₹559 Major Support Zone: ₹375–₹390 EMA Levels: 26 EMA → ₹469 52 EMA → ₹466 200 EMA → ₹464 ✅ Price is trading above all EMAs, confirming a renewed bullish momentum. 📊 Chart Structure Insight The stock has been range-bound for 20+ months between ₹375 and ₹559 — forming a large rectangle base pattern. It recently broke a falling trendline inside the range and is now heading toward the upper boundary (₹559). Volume confirmation on breakout above ₹559 could mark the beginning of a multi-quarter uptrend. 📈 Bullish View If the stock closes above ₹560 on a weekly candle, expect: Short-term target: ₹620 Medium-term target: ₹710–₹750 (projected from range height) The pattern suggests ~35–40% potential upside post breakout. ⚠️ Caution / Bearish Case If price faces rejection near ₹560 and closes below ₹465: Expect pullback to ₹420–₹440 (EMA confluence zone). Below ₹400, momentum turns negative — avoid fresh longs. 💡 Conclusion Apollo Tyres is in a long base formation phase, with EMAs aligned positively and the price showing strength near the upper boundary. A weekly close above ₹560 could trigger a strong breakout rally after