Stock to watch out - APL ApolloStrong name within Metal stocks portfolio. Largest producer for structural steel tubes. The stock has been consolidating for many months. Volumes has been consistent. Company has good domestic market share. Though there might be some bumps due to the tariff news, but given the history it has sustained well.
Expecting a good run with a long term view.
Thanks
Note: Not a buy/sell recommendation. View shared for educational/study purpose.
APLAPOLLO trade ideas
Aplapollo tubesAll is well
Good day
Just my view and educational purposes only I'm not a SEBI registered advisory...trade on your own risk.
This is simple ORB Strategy with volume breakout..i will enter EOD 3.25pm if the price trade above the blue line and after entry I will wait for my target or stoploss (D candle should close below the red line) in valid if direct not triggered and closed below red line..
Just a view educational purposes only
APL APOLLO TUBES LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
APL Apollo : Strong Buy ZoneThe price of an instrument is most likely influenced by its dominant cycle. We can identify specific support levels based on the volatility of this dominant cycle.
The Dark Green zone is a strong buy zone, where the price is likely to rise.
Trading cycles are short-term and also help define short-term support levels.
The price is currently in a strong buy zone for both the dominant cycle and the trading cycle in the 75-minute timeframe. This suggests that it may be a good investment for 2-3 months, with a target of the Resistance 3 zone.
Thanks
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 : Bearishwww.tradingview.com
APLAPOLLO: Really Bearish view after looking at Triple Top and then Inverted Cup & Holder pattern. The last support is 1450 level. If it closes below this level on Daily timeframe, it will be in a severe bearish rally situation. The next level below will be 1329 and then further 1200 levels.
On above side, until it is not crossing 1800 level, there is no point for a fresh investment in it.
APLAPOLLONSE:APLAPOLLO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Sit & Relax.
This kind of Charts where you really not have much to do you just follow any Moving Average you like to Follow and then Just sit,
No need to check of Any Fundament's because if that were had issues then this Chart will share some different picture but this is showing smoothness,
A good Follower of 50 MA On Weekly Timeframe.
Rest you know the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.