#apollotricoattube Stock Broke Out at 950.55 Rs manage risk ,trail stoploss,trade, sl-872 target not specified.follow the trend. book 50% profit after 15% gain.
STOCK is trading at 52 weeks high at resistance and I thought it has broken its resistance
Headquartered in New Delhi, India, Apollo TriCoat is part of the APL Apollo Group. What makes Apollo different is its unusual approach to the business. The Company is not into conventional products, and remains focused on absorbing contemporary technology from various geographies to manufacture new-age products, which are often the first to be introduced to India.
Link below in description of my previous analysis. Kindly do your analysis before initiating trade.
Company has posted excellent results on YoY basis with nearly 150% rise in its PAT. Stock has formed morning star pattern on daily chart. One can consider long position with SL 660 on daily CB for the target of 850 and 950 with more than 1:2 RR. Promoters are majority stake holders, with increase in institutional investors participation. Kindly do your analysis...
Apollo Tricoat. Good stock to accumulate for future.
APOLLO TRICOAT IS IN A STRONG BULLISH UPTREND EXPECTING UPSIDE IN LONG TREND . The stock is moving in arising channel . The movement is strong. Stock fundamental are strong .
THE STOCK IS MOVING IN AN RISING CHANNEL.THE MOMENTUM IS STRONG AS IT BROKE THE RESISTANCE LINE .1500 IS THE SHORT TERM TARGET,WHILE STOPLOSS WILL BE CONFORMED IF THE CHANNEL IS BROKEN.
Apollo Tricoat Tubes Ltd is a good small cap company which has been rallying for past few years. The company is a turnaround play which is proving to be a good affair for the company. The fundamentals are good and the market cap is just 4000 Crore making it a good investment for long term.
A fudamentally strong mutli-bagger, currently uprising slowly with gradual decrease in supply, may go into mark-up phase soon. Stop loss should be kept at 1046.
My idea is for educational purpose. Buy Apllo Tricoat tubes @ 1190 and decline till 1150 for short term gain of 10-20%.
Travelling in a pattern. Don't be surprised if this week we see a red weekly candle. It could just be the opportunity we need. Let's see if the pattern repeats. On the watchlist.
There is no resistance seen from here on, Short term support is at 685 and a dynamic support line with a base of 685 as on date should act as a strong support line for some time.
No obstruction seen on the way till it reaches around 450. A broad support is available at around 275.
This is an extremely bullish chart and the stock is in an unchartered territory. Atleast 375-400 may be achieved in intermediate term if bullishness continues