APLApolo Again in Buying Zone

profitadda Updated   
Favorite Stock again in Buying Zone, initiated Long for Target of 1175

1. After competing Wave ((3)) Black and making peak on 16-DEC stock gave 3 wave Regular Flat correction to complete (C) in Blue
2. During this Flat correction have reached 100% retracement of (A) Blue from Wave (B)
3. With the Blue Marked zone it is now expected to give at least a 3 wave up reaction or Reversal of trend so as to form Next Impulsive wave ((5)) Black.
even if it wants to resume its Downtrend it is expected at least to give 3 wave up and with that we can have opportunity to book 50% of Qty and make our position RISK Free at marked level and hold balance 50% for higher target.
4. Worst Case scenario if it Doesn't give 3 wave Bounce from this Blue marked area and goes below 805 level we will exit our position.

Please Access and understand Risk and trade accordingly as per your RISK appetite.

MARKET IS NOT IN OUR HAND Hence Its not important to be correct in Trade, However ONLY KEY is that How we manage our RISK and Trade.

This is not a trading recommendation and is only for academic purpose, if you want to trade please consult with your Financial Advisor before entering into actual trade.

As it has moved in our expected direction so traders can reduce their risk or minimize stop loss by shifting it to 897 from Earlier @ 805
Keep Holding with Stop Loss moved to 911 This will make us a TOTALLY RISK FREE Position.
It was about to Kiss our level of profit Booking @ 983 as it made High of 978 Today.

However we have already moved our stop loss to 911 and its a RISK free Trade.
We booked 50% Qty profit Today as per our plan. We ere already RISK free and now have some profit also in our kitty.

Totally cold blooded Trade NO worry of Price actions and Market volatility. Just focus on Process and Follow Discipline That's Our Mantra
Inspite of market correcting APLApollo is still holding


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.