Apollo Tyres – Breakout Watch
APOLLOTYRE
Important Levels:
Support: 510 – 495
Resistance: 560 – 590
Structure: Consolidation near key resistance
Business:
Leading tyre manufacturer with global presence
Beneficiary of auto demand and replacement cycle
Strong domestic and export franchise
Earnings:
Healthy profitability profile
Raw material costs supportive
Strong cash flow generation
Verdict:
👉 Auto ancillary leader
👉 Watch for breakout confirmation
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