APL Apollo tubesThis depicts a technical pattern known as the "Cup and Handle" pattern.
If the breakout is successful, an upward bullish trend can be expected.
However, if the breakout fails, the stock may turn bearish.
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Aplapollotubes
Perfect Buying opportunity for APL Apollo TubesLooks like primary Wave 2 is about to end and primary Wave 3 will start soon.
Price has reached 61.8 Fib zone and showing strong bullish divergence with RSI on both daily & weekly TF.
Good to accumulate around 1300-1350 levels for a target of 2300 in medium term.
More than 70% upside potential from CMP.
Stop loss optional according to your risk management.
Company targeting 60% market share by 2025 from 50% presently with strong distribution network, capacity expansion, increased capacity utilization and serving broader industries such as urban infra, housing, irrigation, solar plants, green houses & engineering.
Do your own due diligence before taking any action.
Peace !!
APLAPOLLO - DOUBLE BOTTOM BREAKOUT📊 Script: APLAPOLLO (APL APOLLO TUBES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY METAL
📊 Sector: Capital Goods
📊 Industry: Iron & Steel Products
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 Already crossover in MACD.
📈 Already Crossover in Double Moving Average.
📈 Right now RSI is around 75.
⏱️ C.M.P 📑💰- 1119.95
🟢 Target 🎯🏆 - 1217
⚠️ Stoploss ☠️🚫 - 1054
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!🥂
🇮🇳 Happy Independence Day
A short-term bullish set-up in APL APOLLONSE:APLAPOLLO
The stock has taken support on the support trendline and looks to have started a bullish trend.
One can enter for a swing opportunity at CMP.
Target 1 in the previous swing high of 982.
Target 2 is the resistance trendline.
Target 3 is 1193 which is Fib retracement line.
keep a trailing SL below the support trendline.
Happy Trading.