APL LTDALEMBIC PHARMACEUT has breakout 4 years resistance level with good volume and this is just for educational purpose only
APLLTD
APL LTDThis stock breakout 4 years resistance level and volumes also increased waiting for strong candle closed
and this is just for educational purpose only
APLLTD- Bearish Trend ContinueAPLLTD is in a bearish trend and with its pattern probability to go down further, today it was consolidated in a very narrow range after a breakdown.
So very high possibility of breakdown from the current consolidation zone and gives a very good risk reward. As you can also see POC created a very downside in the volume profile tool which gives very good confirmation.
Entry Price:- below @571
Stop Loss:- Above @575
Target:- !:1 or 1:2 or more
#aplltd #alembic #cipla #lauruslabs #biocon #granules #lupin #it#APLLTD
NSE:APLLTD
NSE:APLLTD
CMP: 725
Target: 815
SL: 700
RR > 3
TF < 3 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
APLLTD - Bullish reversalPattern formed : Bullish Piercing on daily time frame
Trade Details
BUY
ENTRY 788
STOP LOSS 776
TARGET 812
PROFIT 2000
LOSS 1000
QUANTITY 83
Risk Reward 1:2
Resistance levels: 780-796-823
Support levels: 738-711-695
Reason for trade: On November 23rd the stock formed a Bullish Engulfing pattern at the level of 727.20 and moved up to the levels of 825. The stock has once again pulled itself up from the same level i.e todays low 727.15 and has closed at 764.25. Expecting a similar kind of move till 825.
Kindly follow support and resistance before entering your trades.
The selection of this stock is purely based on chart pattern and back reference.
Kindly maintain strict stop loss and book profits at 1:1 and trail.
Actual targets: 804-824
APLLTD SHOWING NEGATIVE DATAAPLLTD is showing negative data on charts . 5 days data shows long build up however 1 day data shows 20000 more shorts in stock futures. i am negative on charts. if it shows positive data later then exit , become long.
yogesh aggarwal
APLLTD_LONG AFTER 910 LEVELprice level and other details are mentioned in chart. please check.
i am still learning. please comment if you want to add something.
