APLAPOLLO trade ideas
APLAPOLLO - LONG1. 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.
A good Shortterm LOng opportunity ON APLAPOLLOAplApollo Has retraced back to it daily support zone + which also confluence with 31.8 to 50 % retracement zone + Forming a Bullish Englufing Pattern On Hourly Timeframe. A Long position can be intiated at this level with a stoploss of around 2780 and first target of 2995 giving a R:R of 1:2
APL Apollo tube (NSE)APL Apollo tube forming a kind of double top pattern in HOURS CHART which indicate the further selling in this stock, If you watch there is been a long consolidation to reach the level of 1430 and also their is been uptrend from the level of 1160 and again on the resistance level of 1430 its again showing bounce back.according to me APL apollo tube have support on 1200 level. let see whats gonna happen next thank you!
