Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I suggested that Apollo Tyres is giving us the first signs of life, some small base building and a breakout. This may or may not work out, but the risk is worth taking. There is a small risk and potentially very decent reward. Even after a four percent gain, Apollo Tyres is a buying opportunity."
"This is no longer for day traders, not for today, but for someone who is willing to keep position for the next few days, the current price justify a buy," Sukhani said.