APL LONG TRADEAPL LONG TRADE
APL is uptrend since Aug 2023. For one year, it was trading in a slightly upward channel/trading range.
It gave breakout from that trading range in Dec 2024 and made a high of 575. Since then, it went into downward corrective channel and retested the Breakout at its Major Support level.
It gave reversal supported by Volume Distribution. One momentous occurrence is that it has created a Bullish Breaker Block on 1D TF which is a first-rate place to enter a trade.
🚨 TECHNICAL BUY CALL – APL🚨
🎯 BUY1: Rs. 490
BUY2: Rs. 478
BUY3: Rs. 470
📈 TP1 : Rs. 514
📈 TP2: Rs. 559.8
🛑 STOP LOSS: BELOW Rs. 440 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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