Go long in Apollo Tyres, target Rs 162: Aditya Agarwal

Aditya Agarwal of Way2Wealth Securities told CNBC-TV18, "Since March, Apollo Tyres is in downtrend. However, on lower side, Rs 147-148 is a very strong support area and from those levels we have seen a pullback. Yesterday we saw some short coming, today we have seen some fresh long position getting built up.""Apollo Tyres can see some decent rally from these levels and on higher side can test Rs 162 levels. So, with a stop loss of Rs 147, one can go long at current level with a target of Rs 162," he said.