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Laxmi_Prasant_Trading
May 4, 2021 1:05 PM

APLAPOLLO - LONG Long

APL APOLLO TUBESNSE

Description

1. Stock is in very strong up trend after the corona correction.

2. Stock has the very strong resistance zone at the higher levels (shown in chart).

3. After touching the resistance zone, stock falls 2 times to Fibonacci levels and starts rising to cross the zone.

So that, I recommend to take the BUY position when the stock crosses the above Strong resistance Zone.
Comments
Panchalk
On weekly TF it is forming a FLAG pattern...could see a move up...let's hope it is strong enough to take out the resistance zone..
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