APL Apollo Tubes has completed a strong impulsive advance, with the current pullback appearing to be a Wave (iv) correction.
Price is now testing the marked support zone around ₹2,150–₹2,170. If this zone holds and the corrective structure completes, the next leg higher could develop as Wave (v).
The larger-degree count also points toward a potential completion of Wave V.
A sustained break below the support zone would weaken the current bullish interpretation.
Charts shared for educational and research purposes only. Not investment advice.
Price is now testing the marked support zone around ₹2,150–₹2,170. If this zone holds and the corrective structure completes, the next leg higher could develop as Wave (v).
The larger-degree count also points toward a potential completion of Wave V.
A sustained break below the support zone would weaken the current bullish interpretation.
Charts shared for educational and research purposes only. Not investment advice.
Trade closed: target reached
Took support from the exact highlighted support levels. Exited at 2278 :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.