Apar Industries: Detailed Long Positional Trade Idea 🚀
Technical Setup: A classic Inverse Head and Shoulders breakout on the daily chart, indicating a strong bullish reversal. The breakout is supported by rising volumes, confirming buying interest.
Entry Point: Enter above ₹10,950 for a confirmed breakout.
Stop Loss: Place a stop loss at ₹10,300 to manage downside risk.
Target Levels:
Target 1: ₹11,600
Target 2: ₹12,200
Indicators:
RSI at 69 indicates increasing bullish momentum but still below the overbought zone.
Moving averages aligned positively, supporting upward movement.
Risk/Reward: Favorable setup with a clear breakout structure.
Note: Monitor for sustained breakout above ₹10,950. Avoid entry if price fails to hold above the neckline.
#AparIndustries #StockMarket #TradingIdeas #PositionalTrade
Technical Setup: A classic Inverse Head and Shoulders breakout on the daily chart, indicating a strong bullish reversal. The breakout is supported by rising volumes, confirming buying interest.
Entry Point: Enter above ₹10,950 for a confirmed breakout.
Stop Loss: Place a stop loss at ₹10,300 to manage downside risk.
Target Levels:
Target 1: ₹11,600
Target 2: ₹12,200
Indicators:
RSI at 69 indicates increasing bullish momentum but still below the overbought zone.
Moving averages aligned positively, supporting upward movement.
Risk/Reward: Favorable setup with a clear breakout structure.
Note: Monitor for sustained breakout above ₹10,950. Avoid entry if price fails to hold above the neckline.
#AparIndustries #StockMarket #TradingIdeas #PositionalTrade
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