APL APOLLO TUBES
A strong funda stock.
Going through tech correction phase.
Will be keen to see if it takes support at TL (Around 790-800)
If it is weak at TL support too then will wait for 760 to start adding more.
Expecting good Results like it has done for past many quarters.
Merger with Apollo tricoat on the...
The stock has provided a retracement to the neckline of the H&S pattern.
If the neckline is broken with a confirmation candle, it could provide a perfect entry.
Targets should be measured on the basis of the top & neckline of the pattern.
APLAPOLLO is following this trend it may, you can follow the trend from this also or if it'll break downside then leave it.
If it is forming a green candle in the next trading session it'll give a good profit within 2/3 weeks.
After Bonus issue share last week & Evergrande crisis correction, strong bullish candle formed with aMorning star pattern after bounce from support. Can reach 915- 1065(ATH) in a few sessions. Moving in a strong upward channel.
Chart is self explanatory.
APL Apollo has been trading in a channel pattern and is expected to continue this. Strong bounce from support and decreasing MACD divergence with key RSI level 40 kept further strengthens the conviction.
This is only for Educational Purposes and not a Trading/Financial advice.
Thank You ^_^
APLAPOLLO : Reversal possible
- Filtered from Strategy#2
- Volume increasing during downside
- Demand zone can start any time
- small risky, but reward would be good.
- only for Risky traders
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor...