Looks 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...
📊 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 🎯🏆 -...
NSE: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.
# Short Term Cash Buy APLAPOLLO @1805.00-1815 SL 1718 TGT 1980
#Recommended by HDFC security for long term buy.
#Chart is bullish on short and long term.
# Long term buy between CMP and 1510 TGT 1890/2030
#Time horizon 2 quarters
