APL Apollo Tubes is a leading Indian manufacturer and supplier of steel pipes and tubes. The company was founded in 1986 and is headquartered in New Delhi, India. APL Apollo Tubes manufactures a wide range of steel pipes and tubes, including electrical conduit pipes, scaffolding pipes, and precision tubes.
The company's products are used in a variety of industries, including construction, infrastructure, power, and oil and gas. APL Apollo Tubes has a significant presence in the domestic market and exports its products to more than 80 countries worldwide.
In terms of financial performance, APL Apollo Tubes has reported steady growth in recent years. The company has a strong brand reputation and has received numerous awards and recognition for its quality products and commitment to customer satisfaction.
It is important to note that it's always recommended to do your own research and due diligence before making any investment decisions. Make sure you have a good understanding of the company, its industry and its financial performance. Additionally, it's always a good idea to consult with a financial professional before making any investment decisions.
APL Apollo Tubes Limited shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock is moving within a rectangle formation between support at 1033 and resistance at 1219.
A decisive break through one of these levels indicates the new direction for the stock. It also gave positive signal from the rectangle formation at the break up through the resistance at 1065.
Further rise to 1467 or more is signaled. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 1080 rupee.
The RSI curve shows a rising trend, which supports the positive trend. The stock is overall assessed as technically positive for the medium long term.
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