Quick APARINDS (APAR INDUSTRIES) long tradeJust for fun and in case anyone who follows me is from India, I thought I'd take a crack at a Nifty stock.
NSE:APARINDS is oversold at the bottom of an upward channel going back to the beginning of the year. Since then, my algo entry along with my FPC exit strategy would be 17-0. Given its uptrend, I'm not that impressed, but I try not to throw out dogs, in case anyone trades this exercise in edutainment (you should always do your own research and choose suitable investments).
I'll add more if it stays oversold and sell any lot at the first profitable close, though being in the US I think I'll be asleep at the close in India, so you'll just have to imagine I sell profitable lots at the close or buy new ones then on an oversold day.
Its price is currently 8802.2