apollo tubes longThe chart has repeated its pattern of consolidation followed by breakout and retest .
we can expect a good upside momentum as it has completed its 0.618% retracement based on earlier chart formations.
the financials and companies growth looks great with increasing revenues and profits.
let me know what you investors feel in the comment.
Apollotubes
Waiting to add more#APLAPOLLOTUBES
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.
Till 730.
Results soon:
Expecting good Results like it has done for past many quarters.
Merger with Apollo tricoat on the way.
Capex going on.
Risk:
Increase in RM/Steel prices will hurt margins.
#VR