Friday, October 1, 2010

Apollo Tyre

The stock  after a huge run up from 60 to 90 is now ready to move again after consolidating in flag pattern.This stock has been seen performing well on this formation earlier also,so once the stock moves and hold above 85 one should definetly take long position in the stock with stop loss of 80 for a target of 98-100 which is almost a decent 15 % return.The time frame of about 6-8 trading sessions should be kept in mind before taking position in the stock.

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