Here’s a **technical analysis summary for APOLLO MICRO SYSTEMS LTD** based on the chart you provided:
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### 📊 **APOLLO MICRO SYSTEMS LTD – Weekly Chart Summary**
* **Trend:** ✅ **Breakout Confirmed**
* Price has broken out above the rectangular consolidation zone after nearly a year of sideways movement.
* **Breakout Zone:**
* Resistance broken: **₹140.45**
* Consolidation range: ₹92.87 to ₹140.45
* **Target Projection (based on rectangle height):**
* Rectangle height = ₹47.58
* Projected Target = ₹140.45 + ₹47.58 = **₹188.03**
* **Current Price:** ₹145.92 (as of last weekly candle)
* **Volume Analysis:** 🔼
* Recent volume spikes confirm breakout strength.
* Volume > average, indicating institutional interest.
* **Support Levels:** * Lower: ₹92.87 (bottom of range)
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### 📌 **Technical View:**
**Bullish outlook.** The breakout from a long accumulation phase with strong volume is a classic bullish signal. Price may face resistance around ₹157.79 and ₹161.70, but overall sentiment favors upside towards ₹188.
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### 📊 **APOLLO MICRO SYSTEMS LTD – Weekly Chart Summary**
* **Trend:** ✅ **Breakout Confirmed**
* Price has broken out above the rectangular consolidation zone after nearly a year of sideways movement.
* **Breakout Zone:**
* Resistance broken: **₹140.45**
* Consolidation range: ₹92.87 to ₹140.45
* **Target Projection (based on rectangle height):**
* Rectangle height = ₹47.58
* Projected Target = ₹140.45 + ₹47.58 = **₹188.03**
* **Current Price:** ₹145.92 (as of last weekly candle)
* **Volume Analysis:** 🔼
* Recent volume spikes confirm breakout strength.
* Volume > average, indicating institutional interest.
* **Support Levels:** * Lower: ₹92.87 (bottom of range)
---
### 📌 **Technical View:**
**Bullish outlook.** The breakout from a long accumulation phase with strong volume is a classic bullish signal. Price may face resistance around ₹157.79 and ₹161.70, but overall sentiment favors upside towards ₹188.
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Disclaimer
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.