Note: This is for educational purpose only.
There seems to be a bullish flag pattern breakout with high volume. RSI at 68 indicates bullish momentum as well.
SL: ₹ 910
fundamentaly strong share give breakout now perform support zone its good time to inter in its posible to break upside zone its good for long term before my take advice take your financial advice
keep learning keep earning
Apollo Pipes Ltd - 11.06.2021
The stock has made a high of 1090 during the week
there is a hammer in hourly chart
there is a macd bullish divergence
prices are below ema
support @ 1015
let the prices go above 1065
watch out
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Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
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Trading possibilities for Coming week.
This stock have shown good strength and has closed high. It still has bullish Momentum and can go further up. You can trade this for intraday and also for few days in the coming week.
Look for Buying at the levels marked in green and whenever you see a Bullish candle pattern forming. The targets and stop loss are subsequent...
regular buying happening in some limited intervals will wait and watch the performance not recommended to buy.
price already in overbought zone buying below rs.500-600 will be good for long term holdings
NSE:APOLLOPIPE
Fundamentals:-
Apollo Pipes is engaged in the manufacturing and trading of PVC Pipes and Fittings. The company is equipped with state-of-the-art infrastructure, operates large manufacturing facilities at Dadri and Sikandarabad in UP, Ahmedabad – Gujarat and Tumkur – Karnataka, with a total capacity of 100,000 MTPA. The multiple and efficient...
After breakout with good volume stock is retesting breakout zone with low volume. It is good sign of accumulation. It can be bought at 719 with SL of 675.
flag pattern Breakout
cmp@715
bestbuy@695-700
sl-690
tgt-790/800/820 (minimum)
Time frame - 4-5 weeks
Dis: just for Analysis Purpose NOT ANY RECOMANDATION
