APL Apollo – Chart Analysis
The structure is quite clear:
Price consolidated within a tight range for nearly 2 years.
This was followed by a strong breakout accompanied by a notable volume spike.
Currently, the stock appears to be in the retest phase of the breakout zone.
Fundamental Trigger:
📢 APL Apollo Q4 Results: Net profit up 72% YoY; Board approves ₹1,500 Cr capex plan.
What’s next?
Will the retest hold and lead to the next leg up?
Let me know your thoughts 👇
Disclaimer: This analysis is for educational and informational purposes only. It is not investment advice or a recommendation to buy or sell any security. Please do your own research or consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
The structure is quite clear:
Price consolidated within a tight range for nearly 2 years.
This was followed by a strong breakout accompanied by a notable volume spike.
Currently, the stock appears to be in the retest phase of the breakout zone.
Fundamental Trigger:
📢 APL Apollo Q4 Results: Net profit up 72% YoY; Board approves ₹1,500 Cr capex plan.
What’s next?
Will the retest hold and lead to the next leg up?
Let me know your thoughts 👇
Disclaimer: This analysis is for educational and informational purposes only. It is not investment advice or a recommendation to buy or sell any security. Please do your own research or consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Trade ativo
No signs of bounce from the retest zone. The price slumped back in the zone.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.