APOLLOPIPE trade ideas
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in APOLLOPIPE
BUY TODAY SELL TOMORROW for 5%
Apollo Pipes: Breakout on the Horizon, Potential Long Entry Analysis:
The chart of Apollo Pipes Ltd. on TradingView suggests a potential upward breakout, offering a possible long entry opportunity. Here's a breakdown:
Current Price : ₹743.35, above the multi-day resistance level of ₹727.20 marked by the blue line.
Breakout Potential: The price is attempting to break above the resistance level, with increased volume supporting the uptrend. If this breakout is confirmed, it could signal a trend reversal and further price appreciation.
Trading Strategies:
Aggressive:
Enter long if the price closes and sustains above the breakout level (₹727.20) with continued buying volume.
Set a stop-loss order below the breakout level to manage risk.
Potential target prices could be ₹780 and ₹820 based on chart patterns and Fibonacci extensions.
Conservative:
Wait for a potential pullback towards the breakout level (₹727.20) or within the previous consolidation zone (₹680-₹720).
Enter long if the price finds support at the pullback zone and shows signs of bullish reversal (e.g., hammer candlestick pattern).
Utilize a stop-loss order below the pullback low for effective risk management.
Additional Considerations:
The stock market is volatile, and breakouts can sometimes fail.
Conduct your own fundamental analysis to assess Apollo Pipes' financial health, industry outlook, and future prospects before making investment decisions.
Manage your risk effectively using stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions
APOLLOPIPE - It now appears ready for its next upward trajectoryNSE:APOLLOPIPE
cmp 740
after consolidating between 680-720 zone,
now it looks set for its new upward journey
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Symmetrical triangle breakout in Apollo PipesChart -> Apollo Pipes Weekly
CMP: 583
Good range: Around 550
Targets: 666, 722 and 780
SL: 530 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Breakout in Apollo Pipes Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
APOLLOPIPE - Ichimoku Bullish Breakout Stock Name - Apollo Pipes Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 594
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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