APOLLOTYRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | APOLLOTYRE | Market Cap | 25,938 Cr. | Current Price | 408 ₹ | High / Low | 540 ₹ |
| Stock P/E | 23.3 | Book Value | 170 ₹ | Dividend Yield | 1.22 % | ROCE | 9.80 % |
| ROE | 6.28 % | Face Value | 1.00 ₹ | DMA 50 | 440 ₹ | DMA 200 | 468 ₹ |
| Chg in FII Hold | -0.11 % | Chg in DII Hold | -0.33 % | PAT Qtr | 468 Cr. | PAT Prev Qtr | 279 Cr. |
| RSI | 36.3 | MACD | -3.19 | Volume | 28,03,895 | Avg Vol 1Wk | 12,87,744 |
| Low price | 392 ₹ | High price | 540 ₹ | PEG Ratio | 0.62 | Debt to equity | 0.31 |
| 52w Index | 11.0 % | Qtr Profit Var | 274 % | EPS | 17.3 ₹ | Industry PE | 24.0 |
📈 Chart Patterns & Moving Averages
APOLLOTYRE is trading at ₹408, below both its 50 DMA (₹440) and 200 DMA (₹468). This indicates short-term and medium-term weakness. Support lies near ₹392–400, while resistance is seen at ₹440–450.
📊 RSI & MACD
RSI at 36.3 reflects oversold conditions, suggesting potential for a technical rebound. MACD at -3.19 is negative, confirming bearish crossover and weak momentum.
📉 Bollinger Bands
Price is near the lower band, showing bearish bias. A breakout above ₹440 could trigger recovery, while a dip below ₹392 may invite further selling pressure.
🔎 Volume Trends
Current volume (28,03,895) is significantly higher than the 1-week average (12,87,744), indicating strong participation during the decline. This suggests heightened volatility and possible accumulation at lower levels.
⚡ Momentum Signals
Short-term momentum is bearish with RSI oversold and MACD negative. Entry zone: ₹392–400 for speculative buying. Exit zone: ₹440–450 if resistance breaks, with stop-loss below ₹388.
📌 Trend Status
The stock is reversing downward with oversold signals, but potential rebound exists if support holds.
✅ Positive
- Quarterly PAT improved significantly (₹468 Cr vs ₹279 Cr).
- Dividend yield of 1.22% provides modest income support.
- PEG ratio at 0.62 suggests fair valuation relative to growth.
⚠️ Limitation
- ROCE (9.80%) and ROE (6.28%) are weak, reflecting poor capital efficiency.
- Trading below both 50 DMA and 200 DMA shows technical weakness.
- High volatility with sharp price decline from 52-week high (₹540).
❌ Company Negative News
- FII holdings decreased (-0.11%) and DII holdings decreased (-0.33%), showing reduced institutional confidence.
🌟 Company Positive News
- Quarterly profit variation (+274%) highlights strong earnings momentum.
- EPS at ₹17.3 supports earnings visibility.
🏭 Industry
- Industry P/E at 24.0 is slightly higher than APOLLOTYRE’s P/E (23.3), suggesting fair valuation.
- Auto sector demand remains cyclical, tied to economic growth and infrastructure activity.
📌 Conclusion
APOLLOTYRE is reversing downward with oversold RSI and bearish MACD, but strong earnings momentum provides fundamental support. Entry near ₹392–400 offers speculative opportunity, while profit booking is advised around ₹440–450 unless breakout occurs above ₹460 with strong volume. Suitable for short-term traders with strict stop-loss discipline.
This version is tuned for short-term trading signals with valuation overlays. Would you like me to also prepare a medium-term investment horizon (2–3 years) view for APOLLOTYRE with partial exit guidance?