APOLLOTYRE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.9

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹510) is above both 50 DMA (₹485) and 200 DMA (₹470), indicating bullish alignment
• RSI (56.9): Mild bullish momentum
• MACD (7.14): Positive crossover, confirming upward momentum
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Below average (3.25L vs 13.18L), showing reduced participation
• Support Zones: ₹485, ₹470
• Resistance Zones: ₹525, ₹545
• Entry Zone: ₹485–₹500 (near support)
• Exit Zone: ₹525–₹545 (near resistance)

Positive

• Price above both key moving averages confirms bullish trend
• MACD and RSI support continued upward momentum
• EPS of ₹10.4 and dividend yield of 0.98% offer shareholder value
• Stock has gained 75.1% from its 52-week low

Limitation

• Volume significantly below average, indicating weak conviction
• ROCE (9.80%) and ROE (6.28%) are modest compared to peers
• High P/E (49.1) and PEG (1.30) suggest valuation concerns

Company Negative News

• Quarterly profit declined slightly (-1.27%) from ₹144 Cr to ₹223 Cr
• FII holding dropped by 0.37%, reflecting cautious foreign sentiment

Company Positive News

• DII holding increased by 0.39%, showing domestic institutional confidence

Industry

• Automotive and tyre sector benefits from rising vehicle demand and infrastructure growth
• Industry P/E of 31.5 suggests APOLLOTYRE trades at a premium

Conclusion

• APOLLOTYRE is in a bullish trend with strong technical indicators
• Entry near ₹485–₹500 offers a tactical opportunity
• Exit near ₹525–₹545 is ideal for short-term gains
• Investors should monitor volume and RSI for confirmation of sustained momentum