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2024

Stock Radar: Apollo Tyres sees breakout from inverse Head & Shoulder pattern; time to buy?

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Stock Radar: Apollo Tyres sees breakout from inverse Head & Shoulder pattern; time to buy?

Experts suggest buying this tyre stock, targeting Rs 550 in the coming weeks. After hitting a 52-week high in February, the stock rebounded from the 200-day exponential moving average in March and June, also reclaiming its 50-day moving average, indicating renewed momentum.