Apollo Pipes Ltd. (APOLLOPIPE):
Current Price: ₹491.65
Chart Observations:
This stock has completed a primary corrective wave (A-B-C), forming a liquidity zone around ₹474–₹490.
A deeper secondary buy zone is identified between ₹398 and ₹417, which aligns with the extended Wave C retracement.
The chart exhibits a Change of Character (ChoCH), signaling a potential reversal, followed by a bullish impulsive wave projecting toward higher levels.
Buying Levels:
First buying zone: ₹474–₹490
Second buying zone: ₹398–₹417 (for positional traders).
Stop Loss:
For Zone 1 Entry: ₹396 (on failure of Wave C structure).
For Zone 2 Entry: ₹380 (a safer placement below structural support).
Target:
First Target: ₹707
Second Target: ₹739
Pro Tip to Avoid SL Hunting: Observe a sustained bullish price action above ₹490 (such as higher highs and higher lows) before committing to the first entry zone.
Disclaimer: This analysis is for educational purposes only. Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
Current Price: ₹491.65
Chart Observations:
This stock has completed a primary corrective wave (A-B-C), forming a liquidity zone around ₹474–₹490.
A deeper secondary buy zone is identified between ₹398 and ₹417, which aligns with the extended Wave C retracement.
The chart exhibits a Change of Character (ChoCH), signaling a potential reversal, followed by a bullish impulsive wave projecting toward higher levels.
Buying Levels:
First buying zone: ₹474–₹490
Second buying zone: ₹398–₹417 (for positional traders).
Stop Loss:
For Zone 1 Entry: ₹396 (on failure of Wave C structure).
For Zone 2 Entry: ₹380 (a safer placement below structural support).
Target:
First Target: ₹707
Second Target: ₹739
Pro Tip to Avoid SL Hunting: Observe a sustained bullish price action above ₹490 (such as higher highs and higher lows) before committing to the first entry zone.
Disclaimer: This analysis is for educational purposes only. Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.