BSE #APOLLOPIPE MONTHLY CHART VIEW!!
Apollo Pipes Ltd. is trading above previous swing top but looks strong as per technical setup in the long term chart. Weekly swing high above 725 may extend further strength in the stock in medium term.
Keep a watch.
#APOLLOPIPE
Apollo Pipes Ltd. faced resistance from 200 SMA in the weekly chart and change in trend to take place only above 445 level.
Technical parameters looks neutral to positive as of now.
Probable support in the near term comes at 355-360 zone.
Keep a watch.
Apollo Pipes Ltd. engages in the manufacture and trade of pipes. Its products include plumbing, irrigation, and agricultural pipes and fittings. The company was founded on December 9, 1985 and is headquartered in New Delhi, India.
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