📘 Technical Analysis Report
Stock: APAR Industries Ltd. (NSE)
Chart Type: Daily Candlestick Chart
Date: May 15, 2025
📊 Price Action
Current Price: ₹7,941.00
Daily Change: +₹1,013.50 (+14.63%)
Strong bullish candlestick observed with significant upward momentum.
V-shaped recovery from recent lows near ₹5,000, indicating a reversal from the downtrend.
🧠 Moving Averages
20 EMA (Red): ₹6,058.67
50 EMA (Orange): ₹6,086.08
100 EMA (Cyan): ₹6,794.72
200 EMA (Blue): ₹7,380.56
📈 Volume Analysis
🔍 Support & Resistance Levels
Immediate Support Zone: ₹6,800 – ₹7,300
Previous Resistance (now support): ₹7,380 (200 EMA)
Next Resistance Levels: ₹8,100 – ₹8,300 (previous swing highs)
🧭 Trend & Momentum
Market structure shows a transition to higher highs and higher lows.
Momentum is strong with a confirmed breakout above consolidation.
Sustained strength above 200 EMA points to a trend reversal to the upside.
📌 Outlook & Strategy
Bullish Bias: Breakout confirmed by price and volume.
If sustained above ₹7,380: Likely upside target is ₹8,300–₹8,500.
On pullbacks: ₹7,300–₹7,400 could act as a demand zone and provide buying opportunities.
Ideal for trend-following traders and short- to mid-term positional setups.
Stock: APAR Industries Ltd. (NSE)
Chart Type: Daily Candlestick Chart
Date: May 15, 2025
📊 Price Action
Current Price: ₹7,941.00
Daily Change: +₹1,013.50 (+14.63%)
Strong bullish candlestick observed with significant upward momentum.
V-shaped recovery from recent lows near ₹5,000, indicating a reversal from the downtrend.
🧠 Moving Averages
20 EMA (Red): ₹6,058.67
50 EMA (Orange): ₹6,086.08
100 EMA (Cyan): ₹6,794.72
200 EMA (Blue): ₹7,380.56
- Price has broken above all key EMAs, including the 200 EMA — a strong bullish signal.
- Golden crossover signals a shift in long-term trend direction.
📈 Volume Analysis
- Substantial volume spike on the breakout day.
- Volume confirms price action, indicating strong institutional buying interest.
🔍 Support & Resistance Levels
Immediate Support Zone: ₹6,800 – ₹7,300
Previous Resistance (now support): ₹7,380 (200 EMA)
Next Resistance Levels: ₹8,100 – ₹8,300 (previous swing highs)
🧭 Trend & Momentum
Market structure shows a transition to higher highs and higher lows.
Momentum is strong with a confirmed breakout above consolidation.
Sustained strength above 200 EMA points to a trend reversal to the upside.
📌 Outlook & Strategy
Bullish Bias: Breakout confirmed by price and volume.
If sustained above ₹7,380: Likely upside target is ₹8,300–₹8,500.
On pullbacks: ₹7,300–₹7,400 could act as a demand zone and provide buying opportunities.
Ideal for trend-following traders and short- to mid-term positional setups.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.