Cup & Handle Chart Pattern Breakout | APLAPOLLO

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✅Overview of APL Apollo Tubes Ltd.

👉It is India’s leading manufacturer of structural steel tubes and hollow sections, widely used in construction, infrastructure, and industrial applications
👉Focused on substituting traditional building materials with advanced steel solutions.

✅Fundamental Analysis

📍The company maintains healthy profit margins due to cost-efficient operations and strong pricing power.
📍 Managed to keep its debt under control, maintaining a strong balance sheet.
📍High ROE and ROCE
📍Stock valuation due to strong growth potential, market leadership, and consistent performance.

✅Technical Analysis:

1️⃣Cup&Handle chart Pattern Bo
2️⃣Supporting Volume
3️⃣Supporting EMA
4️⃣BO Confirmation
5️⃣Strong Support

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