Marketleader
BUY AT SUPPORT LEVEL OF APLAPOLLO !!!#WEDNESDAY#
NSE:APLAPOLLO
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BUY :- APLAPPOLO !!!
{
TARGET:-910-920
SL:-820
};
WHY TO BUY ??
{
VOLUME of past two months consists more bought compared to sold.
it's at its major SUPPORT level of 820.
it never broke 820 from past six months (ON WEEKLY CHART).
it always bounced back from its SUPPORT.
METAL sector is on FIRE!!
it's the MARKET LEADER even despite of TATA STEELS !
it delivered more than 100% in an YEAR 😯😌...!!!
According to my research and knowledge, it's going to boom for Short-Term.
}
Like👍 , Follow @VK2413 ,🙏 Share love ❤️ ;
} HAPPY TRADING;
MULTI COMMODITY EXCHANGE (MCX).... MONOPOLY MCX has monopoly in the commodity exchange segment in India, with a market share of over 92%.
In the weekly chart the script had broken out of resistance trendline (support zone) and is consolidating for one year now.
Good stock to be in one's portfolio at a good price to accumulate.
We can expect at least 70% upward move in the next two years.
TCS Breakout with Ascending Triangle ?My idea about TCS is clearly visible in Chart.
You can see a Ascending Triangle Pattern formation. Its mostly known for a Positive direction breakout.
We have a lower ascending trendline which is also acting as a support line. You can see Higher lows. Whenever there are higher lows we can say stock is in Up trend.
Upper horizontal trend line is resistance line, you can see the Flat Highs.
This two trend line forming a pattern known as Ascending Triangle Pattern.
So what to do now? Where to take entry?
The answer is simple. We will wait for a breakout. Whenever the stock price breaks the Upper horizontal trendline (resistance). We can take entry after a confirmation candle. For short term or positional as per your preference. But my recommendation is for long term.
Technically you can find your target with a simple calculation.
See in chart, I have measured the distance from resistance to first Low.
A - B = 158.80
Add 158.80 in resistance line price
158.80 + 3164.20 = 3323
We can expect Target near 3323. also you can see this target is near to the resistance from previous highs.
Stock is IT sector leader. Fundamentally strong. Performance is consistently increasing. Nifty 50 stock. Also listed in foreign market.
Can we expect a Bull run ? What do you think ?
This is my personal view. I am neither sebi registered nor stock market expert. You do your own analysis. I am not responsible for any Profit or Loss.