APL Apollo Tubes Limited (APLAPOLLO) Stock - Complete Technical Analysis - Sep 17, 2024

APL Apollo Tubes Limited (APLAPOLLO) Stock Analysis Key Support & Resistance Levels

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. APL Apollo Tubes Limited (APLAPOLLO) is currently trading at 1,449, which is 18.95% below its 52-week high and 11.07% above its 52-week low. The stock has been moving within a narrow range, as indicated by an inside candle pattern, showing consolidation around the current levels. The ADX value suggests a weak trend, meaning that momentum is lacking on both sides, and the stock is in a phase of indecision.

The RSI is neutral, indicating that the stock isnt overbought or oversold at this point. MACD is slightly bearish, pointing to potential downside pressure, but the momentum indicator shows mild strength in the recent short-term moves. The Commodity Channel Index and Awesome Oscillator suggest that the market may have some underlying bullish sentiment, but it's not strong enough to trigger a breakout yet. Williams Percent Range confirms the indecision, placing the stock in a neutral zone.

Support is visible near 1420 and 1380, while resistance lies around 1500. A breakout above 1500 could trigger renewed buying interest, while a dip below 1420 might suggest further consolidation or downside risk. Traders should keep an eye on volume and any potential increase in momentum to identify the next significant move.