APL Apollo Tubes - Channel trend followed beautifully
Updated
Stock is moving beautifully in a channel on weekly charts with each spike met by good volumes. Chances of a correction in the short term is very likely as price is reaching the upper end of the channel.
In case of a correction (high probability of a 5-7% correction), it should be used to enter the stock as a core holding as it is in a secular uptrend.
In case of a correction (high probability of a 5-7% correction), it should be used to enter the stock as a core holding as it is in a secular uptrend.
Trade active
As mentioned, short term correction taking place, now should be watched closely to build positions for the long termTrade active
Consolidation taking place, should move higher in times to comeTrade active
Going as intended
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