Apollo Tyres’ recent higher bottom formation on the daily chart, supported near the 518 level, signals a positive bias for further gains. The Relative Strength Index (RSI) has retreated from overbought territory, suggesting continued strength and potential for upward movement. A break above 560 would confirm a breakout and trigger further advances.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20