Perfect Buying opportunity for APL Apollo TubesLooks like primary Wave 2 is about to end and primary Wave 3 will start soon.
Price has reached 61.8 Fib zone and showing strong bullish divergence with RSI on both daily & weekly TF.
Good to accumulate around 1300-1350 levels for a target of 2300 in medium term.
More than 70% upside potential from CMP.
Stop loss optional according to your risk management.
Company targeting 60% market share by 2025 from 50% presently with strong distribution network, capacity expansion, increased capacity utilization and serving broader industries such as urban infra, housing, irrigation, solar plants, green houses & engineering.
Do your own due diligence before taking any action.
Peace !!
