APLAPOLLO trade ideas
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!🥂
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Bullish and bearish engulfing candles concept Educational Series
Price Action concept series
Engulfing pattern
Engulfing means to coverup small thing with larger thing.
It is a pattern which shows counter attack made by bulls or bears.
Bullish Engulfing
Whenever the entire of body red candles(Bear) is covered by Big green candle(Bull) then it is called Bullish engulfing candle. This pattern shows presence of bulls in market and bear are completely trapped. Significance of this candles generally seen when instrument is at crucial support or in bull territory where price has bottomed.
Bearish Engulfing
Whenever the entire of body green candles(Bull) is covered by Big red candle(Bear) then it is called Bearish engulfing candle. This pattern shows presence of bears in market and bulls are completely trapped. Significance of this candles generally seen when instrument is at crucial resistance or in bear territory where price has top.
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APLAPOLLO is forming triangle patternNSE:APLAPOLLO mid cap stock is forming triangle pattern.
Cons:
Trading above it's intrinsic value.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
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.