APAR after the Apar returns seems to cool down a bitAPAR was analysed for an upmove around 600 levels and have given multifold returns being in the blue sky zone.
Currently have touched the resistance levels at the top and indicating that it would move south from those levels.
Levels I am seeing for supports are at 8102-7656 and eventually major supports around 6.5k in near term with the upper limit as the all time high levels. Budget can be an influential factor here as well.
No recommendation, just my view based on chart pattern.
APARINDS trade ideas
APARIND Long PositionalDate : 12-03-2024
Buy APARIND from the lower level of the Channel
Target of Buy Above 6381-6752-7091-7430-7770-8110-8789
SL 5312
Strategy : Running in a narrow Range, Expected to go down hit the lower channel and take reversal
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
APARINDS | Positional Trade📊 DETAILS
Sector: Electric Equipment
Mkt Cap: 25,373 cr
Apar, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables.
TTM PE : 30.51 (High PE)
Sector PE : 52.44
Beta : 0.50
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
2.06% away from 52 week high
Outperformer - Apar Industries up by 8.55% v/s NIFTY 50 up by 1.01% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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APAR IND - Swing Trade || 3rd April, 2023 #swingtradeAnalysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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