Stock name = Apar Industries Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
APAR INDUSTRIES made a strong breakout on over 6 times average volume from a 6-month long consolidation. The Technical structure on monthly, weekly, and daily charts (daily chart attached for reference) is quite bullish. Even the fundamentals are good as both EPS and Sales have been rising since March’22 quarter.
Only personal analysis. No recommendation.
Flag pattern breakout
This type of flag b.o yield is high
Company is good as well as delivered good results
Short term gains and stock is good to hold for long term also.
Levels are marked according to fib levels.
The stock is moving back into the channel from its lower age just went out a little bit so I understand from here it will give full respect to its channel
Greetings, fellow technical enthusiasts! Today, we set our sights on APARINDS, a stock listed on the NSE exchange, embarking on a technical analysis voyage guided by the celestial beacons of trend channels, support and resistance lines.
Charting the Uptrend Corridor:
Green Guardian: Our journey begins with the verdant green line, a stalwart resistance...
Volume is drying up with volatility kicking in.
I don't see any further upside.
Better to look for exiting opportunities or trail with stop loss.
It has formed an ABC wave on cycle degree with target range highlighted.
Do your own due diligence before taking any action.
Peace!!
likely to move up soon
breakout>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
Bullish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur...
