Buy Apl Apollo Tubes Ltd For Target Rs.2030 by Jainam Share Consultants
Apl Apollo Tubes Ltd
Buy Apl Apollo Tubes Ltd CMP 1836 Buy Price 1836 Target 2030 Stop loss 1736 Holding Periond 30 Days
* The stock price trading at Rs. 1836.19 DEC 2025.
* APLAPOLLO has formed a cup an handle pattern on the daily chart, indicating a potential bullish continue pattern. The stock also confirmed a Double Bottom breakout, strengthening the overall bullish structure.
* The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above the 20-day EMA, 50-day EMA and 200-day EMA, indicating a positive shift in trend.
* Momentum indicators further support the bullish outlook. The RSI is trading above 60, reflecting strong buying momentum and confirming the sustainability of the breakout.
Based on the current price action, we expect the stock to move higher toward the 2000-Rs.2030 levels. A stop loss can be maintained at *1736 to manage risk effectively.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
