Buy Apollo Tubes

275
APL Apollo Tubes has completed one full motive wave and related corrective wave in the form of a zigzag. All the wave markings are given in the chart.

One may consider going long on the stock with an initial target of 0.786 fibo retracement of the corrective wave. Stop loss is considered below 1.618 fibo retracement of Wave 2-3 to 4 of wave C of the corrective structure providing a risk-reward ratio of over 2.5x.

Will update the further targets as the stock waves unfold.

Happy Trading !!

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