APLAPOLLO

🔑 Technical Highlights

• ✅ Trend Strength: The stock is trading above all key moving averages (20, 50, 200 DMA). Currently ~5% above its 200 DMA, indicating strong long-term positioning.
  
• ✅ Relative Strength: RS vs Nifty remains positive and trending upwards, suggesting institutional interest and sector leadership.
  
• ✅ Breakout: The stock has broken out of a small consolidation range on the weekly chart, backed by a rising trendline.
  
• ✅ Base Formation: Currently forming a stage 1 base on the weekly timeframe and trading ~12% away from its major pivot point.
  
• ✅ Risk-Reward Setup: Attractive R:R with a stop loss just below the last weekly candle.
  
• ✅ Volume & Institutions: Recent institutional holding increase in the last quarter adds conviction.
  

📊 Moving Average Context

• 50 DMA: Acting as an immediate support zone.
  
• 200 DMA: Stock is comfortably placed above, suggesting a strong long-term trend.
  
• Expectation: Price to consolidate or pull back towards the 50 DMA before resuming upside.
  

📌 Levels to Watch

• Support: ₹1,650 – 1,680 (trendline + 50DMA)
  
• Stop Loss: Below ₹1,650 (last weekly candle low)
  
• Resistance / Pivot Zone: Around ₹1,940 – 1,960 (12% above current levels).
  
• Upside Potential: ₹2,050+ if pivot breakout sustains with volumes.
  

⚖️ Risk-to-Reward

Current setup offers 2.5R to 3R potential, making it an attractive swing trade candidate.