As can be seen in Apar industries.
The stock was taking resistance of 200 Moving avg.
It formed a consolidation pattern under 200MA. Which is also good example of flag formation.
First resistance at 10k and next is at ATH of 11600. SL of 8000 Levels can be considered.
The stock was taking resistance of 200 Moving avg.
It formed a consolidation pattern under 200MA. Which is also good example of flag formation.
First resistance at 10k and next is at ATH of 11600. SL of 8000 Levels can be considered.
Note
If it takes support and restart up move nr 8300 it will be good low risk entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.