Apar Industries - Potential bullish
This stock has formed inverted head and shoulder pattern. If it shows breakout from the neckline, then it will enter its original parallel channel and supposedly end the correction phase. It also has following attributes.
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
This idea is for academic purpose and not a advise for investment.
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
This idea is for academic purpose and not a advise for investment.
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