APLAPOLLO trade ideas
APL Apollo tubes buying momentumThe price is moving inside a channel and now it has again taken another support
Long on APL APOLLO TUBESAfter Bonus issue share last week & Evergrande crisis correction, strong bullish candle formed with aMorning star pattern after bounce from support. Can reach 915- 1065(ATH) in a few sessions. Moving in a strong upward channel.
Trend Analysis - Bounce from SupportChart is self explanatory.
APL Apollo has been trading in a channel pattern and is expected to continue this. Strong bounce from support and decreasing MACD divergence with key RSI level 40 kept further strengthens the conviction.
This is only for Educational Purposes and not a Trading/Financial advice.
Thank You ^_^
trend reversal patternit shows trend reversal pattern.
keep in raddar.gives target 10 to 15 % short term.
watch 15 m candle which candle is form and what happen in volume then take decission
Time for next Rally? Price Action AnalysisOn the basis of technical Analysis , Aplapollo seems ready for the next rally. Keep a watch on it.
ANALYSISCompany has reduced debt.
Company is expected to give good quarter
Company has delivered good profit growth of 25.32% CAGR over last 5 years
Company's median sales growth is 24.33% of last 10 years
Long trade APL Apollo TubesPrice Action can be seen at the support of the trendline for a conformation you can wait for a day closing above 5MA.
APLAPOLLO✅Brokers Upgraded ratings
✅High Piotroski Score
✅Effectively using Shareholders Funds
✅ROE improving since last 2 years
✅Low Debt
✅Strong Cash Generation ability from core business
✅Annual Profit improving since last 2 years
✅FII/DII increasing holdings
❌Growing cost YOY for long term projects
❌Promotors decreasing shareholdings
❌Increasing Trend in Non-core income
❌Degrowth in revenue, Profits and Operating Profit Margin (QOQ)
Target achieved in a week!! 8.7 % gain! The stock was suggested on 15th July at 1517 and was given a target of 1650. It hit the target today on 22nd July. 8.7% in just a week.
I will attach the idea given on 15th below. Do check it out!
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Happy Trading :)
3 reasons to buy APL Apollo tubes1) Ascending Triangle breakout.
2) Retest and continuation after the breakout.
3) Bouncing from 50 moving average.
Can be bought for a target of 1650. CMP-1517.
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Happy Trading :)
APLAPOLLO : Reversal possible APLAPOLLO : Reversal possible
- Filtered from Strategy#2
- Volume increasing during downside
- Demand zone can start any time
- small risky, but reward would be good.
- only for Risky traders
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
