APARINDS
APAR INDUSTIES 🎯1000+NSE:APARINDS broke out from ascending triangle pattern and retraced back to resistance. Breakout candle is strong with excellent volume burst.
Enter entire position at C.M.P. Place stoploss below 710.
Expect big move after price crosses and sustains 900 levels. Trail stop loss after price crosses 900 levels.
Hold the trade and ride through the trend.
Follow strict risk management. HAPPY TRADING AND HAPPY NEW YEARS!
Intraday Trade: watch for resistance breakoutbuy above 750 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
APARINDS :: LONG BUILDUP
-- price rejection seen @ FIB 61.8% level earler, hence safe to buy, when price sustains above this level in 4HR+ timeframe.
-- FIB levels & Resistance zones (RED box) may be used as S/R , S/L and Trail S/L levels.
-- Very High Volume with momentum (RSI breakout) seen yesterday
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Caution : Smallcap stock... Prefer allocating <5% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
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APARINDS|Can give good breakout | Keep it on watch-list/radarNSE:APARINDS
Technically, on Daily Time Frame, it has made perfect rounding bottom pattern and also gave breakout of it from the level 596 where it had the neckline of it.
And then it also took support from neck line level at 596 level.
Now the next breakout level for this stock is at 700 level.
This stock is for people who are looking for investing for short/mid term time. (1 -3 months).
Please note: : This is just for educational analysis and it is not any financial/investing advise.
You can keep this stock on your watch-list /radar.
Better to take advise from your financial advisor before considering for any investment.