gujrat apollo industries- breaking consolidation range.

69
buy on close above 231. sl 210. target 276/309
Risk trade as company's operating profits are -ve, but is showing profits from other income. cash flows are -ve from business activity, but is compensated by investment income,
stock is coming out of multiyear consolidation and is breaking above the consolidation band. for 1st time in almost 2 years price has closed above bollinger bands
enter with small qty and strict stop loss. prepare to exit even if break even once any stuttering of price movement is seen.

this is my analysis and not an invite to trade.
i am not SEBI registered investment adviser

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.