It is a defense sector as our prime minister said after election thay will invest in this sector we can see huge rally in this sector
As we can see in chat that after huge carection it may go all up
As continues weekness appearing in stock once closes below 111 and mid point of bollinger band at 114.40 it could seek lower level as MACD has also generated a sell. Sell and be merry as already stock has achieved 5th wave trg of 124
apollo micro system which was recommended at 112 (before split) i.e 11.20 now near to our 5th wave target sell all and go home maximum trg 83 already stretched only speculation going on as company need huge capital for its expansion project and management increased its stake at 15 rs per share and wants to go for some equity issue again.
for short term bounce can buy at present level of rs 46-47 AND SELL NEAR TO 51-52 LEVEL or can buy near to 42 level of 4th WAVE. expected. 5th wave target is near to 65 to 70 .once this 4th wave ends it would be easy to determine 5th wave target. company is expected to make a move for capital as funds are required for ongoing expansion of MISSILES and DRONE...
Apollo Micro - Micro cap defense company looks like to cross all time high shortly.
Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions. Company develops and sells high performance mission and time critical solutions to Defence, Space and Home land security for Ministry of Defence,...
Beautiful setup by one of the dark horse of the defense stocks
Rounding bottom and Gann box level BO
Please share and like this idea if you find it helpful
Technicals:
- INHS on the monthly chart
- Strong support of trendline on the weekly chart
- Broke out and retested the neckline of INHS monthly chart
Fundamental:
- Government's outlook is very bullish on the defense sector
- Attractive valuations compared to peers
- Strong order book
on weekly chart we have targets of 202,274 and 390 and 507 as per fibo retacement and inverse head and shoulder breakout buy and hold for longs multi multiplier stock company doing very well and likely to report higher GPM and turnover.
