Apar Industries - Potential breakout candidate
Fundamentally posted its best quarter in many years and is barely trading at 11PE (this includes a very bad H1 which can only improve). The promoter has recently been buying stock from the open market. Stock seems to be with strong DII's like HDFC Trustees (owns 9.25% of the company) and NIppon MF (4.5% just added in Q3).
Technically the volumes are sky high and the stock could break out off a C&H pattern.
Buy above 425 or ideally above 430 with a SL of 410.
First target 470 (which is the 200WEMA)
If it takes that out then we could see much higher levels (510/560 maybe).
Technically the volumes are sky high and the stock could break out off a C&H pattern.
Buy above 425 or ideally above 430 with a SL of 410.
First target 470 (which is the 200WEMA)
If it takes that out then we could see much higher levels (510/560 maybe).
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.