APL Apollo Tubes Ltd – Weekly Chart Update: Breakout from Multi-Period Consolidation
Technical Structure:
The chart clearly shows a long consolidation between early 2023 and mid‑2025, bounded by converging trend lines forming a symmetrical wedge/triangle.
Recently, price decisively broke above the upper trendline, accompanied by a volume spike, signaling a classic bullish breakout scenario. A subsequent retest of the breakout zone (~₹1,580–1,600) appears to be underway—buyers holding this zone could pave the way for a continued rally .
Potential Targets and Setup:
• Entry Zone: Weekly close above 34 week moving average
• SL on entry: 1485
• First target: 1900
• If momentum sustains, keep trailing SL
• Invalidation: SL is hit or any opposing bearish signal on chart
Fundamentals:
• The technical breakout aligns with healthy fundamentals—strong ROCE/ROE and sustained revenue growth.
• Though valuations are rich (P/E ~55x, P/B ~10x), the quality of earnings and performance metrics justify the multiple.
Technical Structure:
The chart clearly shows a long consolidation between early 2023 and mid‑2025, bounded by converging trend lines forming a symmetrical wedge/triangle.
Recently, price decisively broke above the upper trendline, accompanied by a volume spike, signaling a classic bullish breakout scenario. A subsequent retest of the breakout zone (~₹1,580–1,600) appears to be underway—buyers holding this zone could pave the way for a continued rally .
Potential Targets and Setup:
• Entry Zone: Weekly close above 34 week moving average
• SL on entry: 1485
• First target: 1900
• If momentum sustains, keep trailing SL
• Invalidation: SL is hit or any opposing bearish signal on chart
Fundamentals:
• The technical breakout aligns with healthy fundamentals—strong ROCE/ROE and sustained revenue growth.
• Though valuations are rich (P/E ~55x, P/B ~10x), the quality of earnings and performance metrics justify the multiple.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.