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By EquityPandit

APOLLOTYREMARKET OUTLOOKSTOCK OUTLOOK

Apollo Tyres Outlook for the Week (July 31, 2023 – August 04, 2023)

Apollo Tyres Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

440.00440.00435.00435.00430.00430.00425.00425.00420.00420.00415.00415.00410.00410.00405.00405.00400.00400.00395.00395.00390.00390.00Jun 16Jun 16Jun 21Jun 21Jun 26Jun 26Jun 30Jun 30Jul 5Jul 5Jul 10Jul 10Jul 13Jul 13Jul 18Jul 18Jul 21Jul 21Jul 26Jul 26Reversal Level 417.47BuyBuySellSellSell

Apollo Tyres closed the previous week on a negative note losing 3.96%

Technically, Apollo Tyres share price will see immediate support at 415.00 and immediate resistance would be seen at 432.05

If Apollo Tyres share price closes below immediate support of 415.00, then sharp breakdown can be seen. Apollo Tyres share price will see major support at 405.70 for the week.

On the positive side, immediate resistance will be seen at 432.05. Closing above 432.05, Apollo Tyres share price will see a sharp breakout. Major resistance for Apollo Tyres share price will be seen at 439.80 for the week.

Trading range for Apollo Tyres share price for this week should be between 397.95 on down side and 449.10 on up side.

Apollo Tyres Previous Week High: 430.5

Apollo Tyres Previous Week Low: 413.45

Apollo Tyres Previous Week Range: 17.05 Points

Apollo Tyres share price support and resistance for the week (July 31, 2023 – August 04, 2023)

Level Type Value
Resistance 3 449.10
Resistance 2 439.80
Resistance 1 432.05
Support 1 415.00
Support 2 405.70
Support 3 397.95

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