Apl Apollo Tubes

 

OBSERVATION

• We can see in a daily time frame chart it formed a Rising channel pattern.
• 986 is good resistance for Appolo tubes.
• And 894 is good support for Apollo tubes.
• If Apollo tubes could not sustain 986 level then it may be going to their support i.e 894.

Levels for Apollo tubes:

• If Apollo tubes break the 986 level then our first target will be 1100.
• And If could not sustain the 986 level then our first target will be 890 on the downside.
• And the major support of Apollo tubes is 750.
• If it breaks the 750 level on the downside, then maybe we will see a heavy selling till 500.