gujrat apollo industries- breaking consolidation range.

buy on close above 231. sl 210. target 276/309
Risk trade as company's operating profits are -ve, but is showing profits from other income. cash flows are -ve from business activity, but is compensated by investment income,
stock is coming out of multiyear consolidation and is breaking above the consolidation band. for 1st time in almost 2 years price has closed above bollinger bands
enter with small qty and strict stop loss. prepare to exit even if break even once any stuttering of price movement is seen.

this is my analysis and not an invite to trade.
i am not SEBI registered investment adviser


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.