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Gail India, Indraprastha Gas have given a fresh breakout, says Ajit Mishra

The Religare Broking analyst also recommends buying Apollo Tyres

Gail India, Indraprastha Gas have given a fresh breakout, says Ajit Mishra
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Ajit Mishra Mumbai
Apollo Tyres Limited
Recommendation: Buy
Last Close: Rs 221.05
Initiation range: Rs 218-220
Target: Rs 234
Stop loss: Rs 213

We’re seeing noticeable traction in tyre stocks with the rebound in the auto counters. Apollo Tyre has been witnessing a gradual up move after retesting the major support zone of long term moving average (200-EMA). Indications are in the favour of a steady rise from hereon. 

GAIL (India) Limited
Recommendation: Buy
Last Close: Rs 156
Initiation range: Rs 152-155
Target: Rs 166
Stop loss: Rs 149

GAIL has witnessed a breakout from a congestion zone, after spending nearly 3 months in a corrective phase. The sharp surge in volumes combined

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First Published: Sep 15 2021 | 7:48 AM IST

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