APCL
APCL - Retest of Multi-year Breakout - SwingTradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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APCL looks good Positionally- Price coming out of Range contraction
- Accumulative volumes being witnessed
- 1.7x weekly deliveries last week
- Increasing Relative Strength
- Stock outperforming its sector & Nifty50 in every timeframe except on 3m (due to stock being on a breather)
- Quarterly results have been positive for since the last 6 Quarters.
- Another positive Q2 will incite price to move much further up.
- Cement sector will be the collateral beneficiary of the upcoming rotation in Infra sector.
APCL another gem✅ buy and hold ✅
add @ 217 range
trgt 245-268-280💢💢💚💚
long 400++
study
💠biggies(smart players) accumulating stock
💠also chart looks postive
💠dont miss opportunities
💠it may perform between 1-3 month
💠long wecan expect 400-500++
about apcl
Anjani Portland Cement is a manufactures high quality premium cement.
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