Nirbhay_M
Long

APL Apollo Tubes - Channel trend followed beautifully

NSE:APLAPOLLO   APL APOLLO TUBES
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2
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.


Trade active: As mentioned, short term correction taking place, now should be watched closely to build positions for the long term
Trade active: Consolidation taking place, should move higher in times to come
Trade active: Going as intended

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