APOLLO TYRES | TECHNO-FUNDA ANALYSIS

Apollo Tyres – 1D

Trend Uptrend remains intact but current candles show fakeout and sharp rejection near 530, shifting momentum near support. Support & Resistance Major Resistance: 530 SR Flip Support Zone: 499–508 If Broken Down: Next support deeper near 480 zone (not shown but visible structure-wise) Expected Move Price is exactly at the 499–508 flip zone. Holding this zone can give a bounce back toward 530. Break below 499 = trend weakness and deeper correction. Fundamentals (Short) Top tyre manufacturer, strong export share, stable demand from auto sector recovery. Final Verdict Crucial support test happening now. Hold above 499 → bullish continuation. Break below 499 → avoid longs.