AmanSaraf

APCL looks good Positionally

Long
NSE:APCL   ANJANI PRTLND CEMT
- Price coming out of Range contraction
- Accumulative volumes being witnessed
- 1.7x weekly deliveries last week
- Increasing Relative Strength
- Stock outperforming its sector & Nifty50 in every timeframe except on 3m (due to stock being on a breather)
- Quarterly results have been positive for since the last 6 Quarters.
- Another positive Q2 will incite price to move much further up.
- Cement sector will be the collateral beneficiary of the upcoming rotation in Infra sector.
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