APL Apollo Bullish Breakout – Eyeing Higher Resistance Levels!➡️ Bullish breakout above ₹1510.45
➡️ Next targets at ₹1586.95, ₹1654.25, ₹1728.75
APLAPOLLO
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 !!
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
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 .
APL Apollo BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
APLAPOLLO Above 1717 Looking BullishAPLAPOLLO Looking Bullish If sustain above 1717 will touch 1760-1800-1840 in coming days
