Apollo Tyres Ltd – 1W

Trend: After a long consolidation between 440–540, the stock has started forming higher lows again and is attempting to build momentum toward the upper end of the range. Support & Resistance: Support: 487 – 475, then 440 Resistance: 540 – 559 (Fresh Breakout Zone) Expected Move: A sustained breakout above 559 can open the door for a fresh trend leg higher. Until then, price may remain range-bound between 487–540. Short Fundamentals Summary: Apollo Tyres benefits from stable replacement demand, improving margins with softer raw material prices, and strong export presence. Final Verdict: Constructive structure. A weekly close above 559 will confirm a fresh breakout.