Apollo Tyres can give a joyous ride APOLLO TYRES LTDNSE:APOLLOTYREHappy_Candles_InvestmentApollo Tyres Ltd. engages in the production and trading of automotive tyres, tubes and flaps. It operates through the following geographical segments: Asia, Pacific, Middle East, Africa (APMEA); Europe, and Others. Apollo Tyres Ltd. Closing price is 465.75. Dividend Yield @CMP 1.08% The positive aspects of the company are Companies with Low Debt, RSI indicating price strength, MFs increased their shareholding last quarter. The Negative aspects of the company are high Valuation (P.E. = 35.5), High promoter stock pledges and Promoter decreasing their shareholding. Entry can be taken after closing above 467 Historical Resistance in the stock will be 476, 490 and 508. PEAK Historic Resistance in the stock will be 529 and 542. Stop loss in the stock should be maintained at Closing below 422 or 398 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.