APOLLOTYRE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of Apollo Tyres Ltd. (APOLLOTYRE)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend, recovering from its recent low of ₹368 and currently trading above both key moving averages.

Price Action: At ₹484, APOLLOTYRE is above the 50-DMA (₹466) and 200-DMA (₹463), indicating bullish momentum and trend continuation.

📈 Momentum Indicators

RSI (61.7): Bullish zone, suggesting strong buying interest but not yet overbought.

MACD (7.02): Positive crossover, confirming upward momentum and potential for further gains.

Volume: Current volume (6.87L) is below the 1-week average (14.41L), indicating moderate participation. A volume spike would strengthen the breakout potential.

📉 Volatility & Bands

Bollinger Bands: Price is approaching the upper band, signaling strength. A breakout above ₹490–₹500 with volume could trigger a rally toward ₹530+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 465 – 475 Near 50-DMA and recent swing low

Resistance 490 – 510 Psychological barrier and previous rejection zone

Breakout 515+ Above this, next target is ₹550 – ₹585

🎯 Entry & Exit Strategy

Optimal Entry: ₹470 – ₹480 (on dips with bullish confirmation)

Exit Zone: ₹500 – ₹515 (partial profit booking); ₹550+ (final resistance)

Stop Loss: ₹460 (below 200-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong signals from RSI and MACD

Volume: Slightly below average, but trend remains intact

Outlook: Positive; watch for sustained move above ₹490 with volume for next leg up

Would you like alerts for breakout levels or comparisons with other auto component stocks showing similar setups?

Edit in a page