Go long in Apollo Tyres at current level, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Apollo Tyres is a dream buying opportunity. It has bottomed out. First it gave a bullish signal. It rallied from Rs 79-89, again a second bullish signal has come. We want to go long at current levels. It is a positional trade, a day trade it is everything on a long side."
He further added, "Gati is coming out of a trading range. It is a long way. It must stay above the range then do all the right things before we say, okay go and buy it. Secondly, Gati is not a day trading candidate, it is not even a swing trading candidate. So if somebody wants to buy now rather than wait then you have to keep a wide stop loss at Rs 34 and go long. Maybe the trading range from which it has broken out actually is a reversal on the upside. But you have to have deep stops."
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