#APARINDSApar Industries has delivered a breakout from a strong resistance zone with a solid close above ₹10,950. The breakout is accompanied by decent volume, signaling strong buying interest. The price action demonstrates a robust uptrend, forming consistent higher highs and higher lows on the weekly chart.
Key highlights:
Breakout Confirmation: Price has decisively broken the resistance zone, marking the beginning of a potential new rally.
Relative Strength: Outperforming Nifty, indicating strong momentum and institutional interest in this stock.
Volume: Noticeable spike in volume during the breakout week, confirming buyer dominance.
Trading Plan:
Entry: Consider adding positions above the breakout level of ₹10,950.
Stop-loss: As per the level mentioned on the chart (adjust as per risk appetite).
Target: Medium-term target at ₹12,000–₹12,500 based on historical price projections.
Keep an eye on the volumes in the coming sessions and ensure the breakout sustains. Monitor broader market conditions for alignment with bullish momentum.
