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Darshan_Panchal
Oct 6, 2022 7:06 PM

APLAPOLLO has done flag breakout with high volume Long

APL APOLLO TUBESNSE

Description

APLAPOLLO NSE:APLAPOLLOis uptrending stock in tyre manufacturing industry.

Considering consolidation from long period since september 21, stock has made breakout today with high volume.

RSI is also crossing level of 60 which shows bull are aggressive in buying and seller are requiring premium to sell.

looks like Stock has completed A-B-C correction and may start new impluse as per elliot wave principals.

Generally if there is followup then upside 40% is seen in this stock.

Kindly do your own analysis and follow your SL.

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Comments
AMIT-RAJAN
Nice 👍👌
rajinderchhabra
Its not from Tyre industry
Darshan_Panchal
@rajinderchhabra, Yes correct, Its mistake. It is steel tubes manufacturer. Thanks for correcting me.
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