APLAPOLLO trade ideas
APL Apollo Tubes stock analysisStock saw a downside move by forming a H&S. Now, it is near to Weekly Resistance. It has formed a good sharp curve also.
We can Buy it if price goes above 1726.90.
Let's monitor it!!! :)
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APLAPOLLOAPLAPOLLO
BUYING ZONE 1550-1400
SUPPORT BETWEEN 950-850.
EXPECTING MINIMUM 10X (10 TIMES) TARGET IN NEXT 10 YEARS.
Levels on Chart17-09-2019
Huge resistance at 1365-1375 levels..
We might see one more leg down to 1100 levels..
if closes above 1610 and sustains there then 2225 in quick time!if 2230 is also crossed and sustains above it, then put in the multibagger list!!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
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APL Apollo - Range BoundA strong close above 1840 would lead to a good rally. If the stock falls near the lower range, one can go long around 1600 levels.
APL Apollo - LongThere was a quick reaction from the weekly demand zone and now it is taking a support around 365 EMA. The entry would be aggressive here.
Buy Range - 1750 - 1760
CBSL - 1685
Target - 2050
#APLAPOLLOBullish Wedge
Gapup
Volume Support
CCI crosses 100
TGC
Fibo 38.2 crossed with strength
SL 1800
APL Apollo Tubes - Channel trend followed beautifullyStock is moving beautifully in a channel on weekly charts with each spike met by good volumes. Chances of a correction in the short term is very likely as price is reaching the upper end of the channel.
In case of a correction (high probability of a 5-7% correction), it should be used to enter the stock as a core holding as it is in a secular uptrend.
short the stock as we can see a bearish engulfing pattern there and bearish divergence there i have a short idea there
