Andhra Petrochemical trading at the long time resistance level. If it takes support here then next target will be around 200. Stop loss here should be 70.
ANDHRA PETROCHEMICALS LTD is ready for uptrend. After been in a downtrend for almost a year, this stock is ready to move up from here on. Recently this stock has formed double bottom pattern and has broken the neckline of the same. Huge volume is clearly seen at the time of breakout. Now that all stocks in this sector are moving higher, this is also ready. Swing...
Buy ANDHRAPET (Andhra Petrochemical ) CMP 120 TGT 140, 167, 190, 210, 240+ SL 90 Risk Reward (RR) - 1:4.2 Potential Returns : 100% Potential Loss: 24% Time Frame: 12-24 Months
Stock after making new high in June 2021, after almost 3yrs (previous high in Oct 2018) had a mega bull run and made another new high in August 2021. From then, the stock has corrected by almost 35% and is consolidating, with subdued volume. It has formed descending triangle pattern on weekly chart, holding 140 levels as strong support by closing above 140 on...
The stock is rising rapidly and expected to reach target as shown on chart
Long term Rounding bottom : Strong 2EH market, fundamental strong number but cyclical business.
One can look Andhra petroleum for upside from here. CMP 68, buy at decline, target could be 100, 150.
RIsing global 2EH Prices. Anti-dumping duty on imports certainly a boost to APL. Expected to post better Q4 results (even better than Q3). Targets 100-150-200 possible well into June and September.
POSSIBILITIES: SHARK forming of D AROUND 25.00 CYPHER forming of D AROUND 33.00 BSE:ANDHRAPET
BSE:ANDHRAPET One of my stock picks, waiting to go long! Analysis inside chart! Good Value, Waiting to buy at low.
Andhra Petro has crossed resistance at 63.75, if bullishness continues, intermediate term target will be 96.50
Immediate resistance at 75.30, if it is crossed the next target will be 83. Support 57.30
Made excellent move today from support. Now, support is at 88 and target will be 130 in intermediate term.