The Stock is taking a weekly support and a daily support as per the support line.
Trade can be executed tomorrow i.e 23rd May 2023, if the stock price sustains above today's close in tomorrow's 2nd half session post 2pm.
Swing trade can be planned as per 1:2 Risk Reward ratio.
Note: This is idea is for education purpose only.
Share this Idea and ask your trading...
APL APOLLO TUBES is creating Fallin wedge pattern in Day TF. So there must be chances for a great rally, so the Target will be 1289 & 1330. 🎯
Note : This is just for Backtesting and Educational Purpose Only.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 10th April, 2023
2. The analysis for the 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....
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
APLAPOLLO:- Ascending triangle pattern has been formed and breakout has been given, if the up side sustains, we may see upside movement, keep eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like...
One of the most beautiful charts you may come across in Indian Stock market, set to break out for a new high of not less than 1500. CMP 1231.35, SL 1230
APLAPOLLO is on the verge of breakout. One can keep it in watchlist for Short term to Medium Term holding.
The Previous Swing Low can be Considered As SL.
APLAPOLLO moved from a low of 110 in March 2020 to 660 in March 2021. After that the trend slowed. From 660 to 1200 in 22 months, it is 80% return in 2 years. It is not less but looking at previous trends it seems sideways. Hence price has formed a Flag pattern.
APLAPOLLO- Resistance has been broken & Current trend is Very bullish. but it may have been a false breakout; thus, only intend to buy above 1195.
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