APOLLO: Structural Reversal from Key Support Zone
🚀 Long Setup: 
APOLLO Micro Systems (APOLLO)
Trade Parameters
Entry Zone: ₹245.00 – ₹255.00 (Current breakout level)
Stop Loss (SL): ₹214.00 (Weekly close basis / below structural support)
Target 1: ₹300.00 (Psychological & Analyst Consensus)
Target 2: ₹355.00 (All-Time High retest)
Risk/Reward Ratio: ~1:2.8
Technical Analysis
Support Rebound: The stock has successfully defended the ₹210–₹220 horizontal support zone, which acted as a major resistance-turned-support from mid-2025.
Momentum Shift: Today's 5% Upper Circuit hit at ₹249.80, accompanied by a spike in volume, signals the end of a 3-month correction/accumulation phase.
Trend Confirmation: The price has reclaimed the 20-week EMA, shifting the medium-term bias back to bullish.
RSI Recovery: RSI is turning up from the 40-level floor, suggesting the "oversold" energy is being replaced by fresh buying interest.
Fundamental Driver
The technical move is backed by the company's Q2 FY26 performance (highest-ever quarterly income of ₹226 Cr) and a massive ₹1,500 Cr order book. The recent licensing for high-energy explosives provides the long-term thematic tailwind for the Aerospace & Defense sector.
APOLLO Micro Systems (APOLLO)Trade Parameters
Entry Zone: ₹245.00 – ₹255.00 (Current breakout level)
Stop Loss (SL): ₹214.00 (Weekly close basis / below structural support)
Target 1: ₹300.00 (Psychological & Analyst Consensus)
Target 2: ₹355.00 (All-Time High retest)
Risk/Reward Ratio: ~1:2.8
Technical Analysis
Support Rebound: The stock has successfully defended the ₹210–₹220 horizontal support zone, which acted as a major resistance-turned-support from mid-2025.
Momentum Shift: Today's 5% Upper Circuit hit at ₹249.80, accompanied by a spike in volume, signals the end of a 3-month correction/accumulation phase.
Trend Confirmation: The price has reclaimed the 20-week EMA, shifting the medium-term bias back to bullish.
RSI Recovery: RSI is turning up from the 40-level floor, suggesting the "oversold" energy is being replaced by fresh buying interest.
Fundamental Driver
The technical move is backed by the company's Q2 FY26 performance (highest-ever quarterly income of ₹226 Cr) and a massive ₹1,500 Cr order book. The recent licensing for high-energy explosives provides the long-term thematic tailwind for the Aerospace & Defense sector.
Trade active
Good Start 5% UC hit #APOLLO 
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Disclaimer
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Related publications
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.