apollo microsystemcomming out of hibernation in monthly as well as daily chart inverse head and shoulder pattern showing long target as shown in chart
APOLLO trade ideas
apollo microsystem breakoutinverse head and shoulder pattern trg 164 in the long term trg of 350 to 400
APOLLO MICROS SYSTEFollowing Rounding bottom pattern
If resistance breakout above the pattern from consolidation
Correct me if i am wrong (NFA)
Appolo micro long possition inisiateAppolo micro long possition inisiate for long term investment pick .
Ipo time high:- 480 and low 35 , good risk rewards ratio .
Technical trend reversal seen in chart , tringal brekout seen in short time .
APOLLO MICRO SYSTEM This analysis is done at the request of a well wisher.
Yes, the overall index is weak but here is a defense stock with a huge pipeline orders.
Usually folks love the satisfaction to pick up stocks at the very bottom and here is one where after a continuous fall, it has reversed with big green candle breakout from a falling wedge + Bullish divergence + MACD crossover and if it starts this upward journey then it would also form the completion of Inverted Head and Shoulders pattern.
The Risk Reward Ratio is very healthy.
Strict Stop loss.
apollo- buy above 98highly oversold as suggested by RSI AND MACD, buy once crosses 98 as this might be end of wave c
APOLLO MICRO SYSTEMS APOLLO MICRO SYSTEMS
CRITICAL LEVEL IF IT BREAKS SELL IT
OR HOLD OR BUY IT IT CROSS THE 47.35 LEVEL
APOLLO micro system Near resistance zone
Watch for next week
Stock near strong resistance zone.
Rejection from 200 SMA
Need closing above 100 for further upmove.
RSI positive diversions.
