Apollo Tires share price Today Live Updates : Apollo Tires Stock Plummets in Trading Today

A decrease in futures price and open interest in Apollo Tires indicates a potential weakening of the current bearish trend, suggesting that the stock may reach a bottom or begin to reverse in the near future.

Apollo Tires stock traded at a low price of ₹472.95 and a high price of ₹486.45 on the current day.

The volume of Apollo Tires traded up to 12 PM is 55.55% lower than yesterday, with the price at ₹474.7, a decrease of 1.67%. Volume traded is a crucial factor to analyze market trends alongside price. A price increase accompanied by higher volume indicates a sustainable upward trend, while a price decrease with higher volume may signal further price declines.

The stock price has been moving between 477.92 and 472.72 levels in the last hour. Traders may want to consider rangebound trading strategies, such as buying near the hourly support of 472.72 and selling near the hourly resistance of 477.92.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

As per the Technical Analysis, short term trend of Apollo Tires share is Bearish and long term trend is Moderately Bearish

Apollo Tires share price is at ₹477.25 and is still trading between the key support and resistance levels of ₹472.87 and ₹499.37 on a daily timeframe. If it crosses the support of ₹472.87 then we can expect a further bearish movement. On the other hand if the price crosses 499.37 then it will lead to a bullish movement.

The volume of Apollo Tires traded by 11 AM is down by 59.15% compared to yesterday, while the price is trading at ₹475.05, a decrease of 1.6%. Both volume and price are crucial indicators for analyzing trends. A positive price movement accompanied by higher volume indicates a sustainable upward trend, whereas a negative price movement with increased volume could signal further price declines.

Apollo Tires reached a peak of 478.55 and a low of 473.35 in the recent trading hour. During this time, the stock price fell below important hourly resistance levels of 476.1 and 474.0, suggesting notable selling activity. Traders who hold long positions might consider selling, while new investors could assess the possibility of a turnaround if the stock is oversold on an hourly basis.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Apollo Tires share price is at ₹474.6 and is still trading between the key support and resistance levels of ₹472.87 and ₹499.37 on a daily timeframe. If it crosses the support of ₹472.87 then we can expect a further bearish movement. On the other hand if the price crosses 499.37 then it will lead to a bullish movement.

Today, Apollo Tires’ stock price has dropped by 1.52% to reach ₹475.4, mirroring the decline seen in its peer companies like MRF, Balkrishna Industries, JK Tire & Industries, and CEAT. Overall, both the Nifty and Sensex indices are also down by 0.46% and 0.69% respectively.

The analyst recommendation trend is shown below with the current rating as Buy.

The volume of Apollo Tires traded until 10 AM is 49.10% lower than yesterday, with the price trading at ₹476.95, a decrease of 1.2%. Volume traded is a crucial indicator, along with price, for analyzing trends. A positive price movement accompanied by higher volume indicates a sustainable upturn, while a negative price movement with increased volume could signal further price declines.

Apollo Tires touched a high of 482.8 & a low of 477.35 in the previous trading hour.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Today, the share price of Apollo Tires has dropped by 0.57% to reach ₹480, following the downward trend of its industry counterparts. Peers like MRF, Balkrishna Industries, JK Tire & Industries, and CEAT are all experiencing declines as well. Additionally, the benchmark indices Nifty and Sensex are down by 0.06% and -0.09% respectively.

The decrease in futures price, coupled with the increase in open interest for Apollo Tires, indicates a potential for downward price movement in the near future. Traders may consider maintaining their short positions.

Apollo Tires share price is at ₹479.45 and is still trading between the key support and resistance levels of ₹472.87 and ₹499.37 on a daily timeframe. If it crosses the support of ₹472.87 then we can expect a further bearish movement. On the other hand if the price crosses 499.37 then it will lead to a bullish movement.

The share price of Apollo Tires has dropped by -0.51% and is currently trading at ₹480.30. Over the past year, Apollo Tires’ shares have increased by 31.00% to ₹480.30. In contrast, Nifty has risen by 22.88% to 22489.75 in the same one-year period.

The key support and resistance levels for Apollo Tires on the daily timeframe are given below. Please note these support and resistance levels are derived from the classic pivot table.

The analyst recommendation trend is shown below with the current rating as Buy.

The trading volume yesterday was 13.74% higher than the 20 day average. Yesterday’s NSE volume was 2 mn & BSE volume was 203 k.

The stock traded in the range of ₹508.45 & ₹479.4 yesterday to end at ₹502.65. The stock remains in a downtrend, with no clear indications of a reversal at this time.