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Expect upside in Apollo Tyres: Rajat Bose

Rajat Bose of rajatkbose.com expects upside in Apollo Tyres while he feels that SML Isuzu may hit Rs 1282.

July 26, 2016 / 09:48 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "Apollo Tyres, after mid-April for the first time, yesterday it has crossed 200-day moving average. However, in the recent past, over the last six trading sessions it has attempted that five times and yesterday it succeeded with good volumes. So, I expect it to move up; Rs 167 and Rs 169 are the two targets and you put a stop loss at Rs 159.95." "Apollo Hospitals, yesterday has posted a short-term bottom and after that it bounced back. Now, I would put a stop loss at Rs 1,341 and would look at target of Rs 1,363 and then Rs 1,377," he said. "SML Isuzu had a range breakout and it is showing very good volume activity. All put together, there is buying momentum for SML Isuzu. Put a stop loss at Rs 1,225. Initially Rs 1,254 to about Rs 1,268 would be a supply zone to content — once Rs 1,268 is taken out its next target would Rs 1,282.""In Zee Entertainment, I am expecting a short-term top out and it could be in the range of Rs 487 to about Rs 489 but my target is Rs 484 and I will put a stop loss at Rs 469," he added.

first published: Jul 26, 2016 09:48 am

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