Buy Apollo Tyres , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Apollo Tyres now seems to be entering a bull market that should eventually take it to lifetime new highs. The chart suggests that every opportunity in this stock, every dip, every consolidation is a buy. That's the story for position traders. For day traders it is possible to consider a long position in Apollo either for the day or for the next week coming ahead. Apollo Tyres remains a buying opportunity."
He further added, " Tata Steel is a stock that has been underperforming and on the charts it has not given us the appropriate signals that tell us that it's going to do the same thing that many of these stocks have rolled and moved up with. So while Tata Steel is a buying opportunity in the sense that okay the charts are fine I am not very keen because it is not in the right sector and it doesn't have the right chart patterns. So there are options available. But if you want to trade Tata Steel the trade is go long in it."
Disclosure: I have no personal holding in the above stocks.
