Apollo Pipes Ltd. (APOLLOPIPE):
Current Price: ₹491.65
Chart Observations:
This stock has completed a primary corrective wave (A-B-C), forming a liquidity zone around ₹474–₹490.
A deeper secondary buy zone is identified between ₹398 and ₹417, which aligns with the extended Wave C retracement.
The chart exhibits a Change of Character (ChoCH), signaling a potential reversal, followed by a bullish impulsive wave projecting toward higher levels.
Buying Levels:
First buying zone: ₹474–₹490
Second buying zone: ₹398–₹417 (for positional traders).
Stop Loss:
For Zone 1 Entry: ₹396 (on failure of Wave C structure).
For Zone 2 Entry: ₹380 (a safer placement below structural support).
Target:
First Target: ₹707
Second Target: ₹739
Pro Tip to Avoid SL Hunting: Observe a sustained bullish price action above ₹490 (such as higher highs and higher lows) before committing to the first entry zone.
Disclaimer: This analysis is for educational purposes only. Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
Current Price: ₹491.65
Chart Observations:
This stock has completed a primary corrective wave (A-B-C), forming a liquidity zone around ₹474–₹490.
A deeper secondary buy zone is identified between ₹398 and ₹417, which aligns with the extended Wave C retracement.
The chart exhibits a Change of Character (ChoCH), signaling a potential reversal, followed by a bullish impulsive wave projecting toward higher levels.
Buying Levels:
First buying zone: ₹474–₹490
Second buying zone: ₹398–₹417 (for positional traders).
Stop Loss:
For Zone 1 Entry: ₹396 (on failure of Wave C structure).
For Zone 2 Entry: ₹380 (a safer placement below structural support).
Target:
First Target: ₹707
Second Target: ₹739
Pro Tip to Avoid SL Hunting: Observe a sustained bullish price action above ₹490 (such as higher highs and higher lows) before committing to the first entry zone.
Disclaimer: This analysis is for educational purposes only. Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.