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.
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No signs of bounce from the retest zone. The price slumped back in the zone.
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.