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Price and trend forecast of APOLLO for Tomorrow, Weekly, Monthly

Apollo Micro Systems Limited

Symbol: NSE:APOLLO

ISIN: INE713T01010

107.90

As on 2024-05-17

32.50 (52W Low) 161.70 (52W High)

APOLLO's Today's Performance

Apollo Micro Systems Limited started the day by opening at 103.15 today 2024-05-17. Its shares reached a high of 108.00 and dipped to a low of 103.15 in intraday. When the markets closed, APOLLO’s stock price settled at ₹107.90 per share. Also check out its key support and resistance levels.

APOLLO Buy/Sell Targets

Tomorrow, buy APOLLO when its price reaches ₹ 107.90 with a stop-loss order at ₹ 105.90. You can set the target price as ₹ 109.90 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of APOLLO for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for APOLLO

Downside Targets Value in ₹
Tomorrow Down Target 1 110
Tomorrow Down Target 2 111
Tomorrow Down Target 3 114

Important Levels for APOLLO

Holding Levels Value in ₹
Tomorrow Up Target 1 105
Tomorrow Up Target 2 102
Tomorrow Up Target 3 100
Based on where the stock opens tomorrow, if APOLLO opens on a positive note, our first target will be ₹110. If Target 1 is achieved, we will aim for Target 2 which is ₹111.

But if APOLLO falls below the average value of ₹106.35, you can enter a sell side position with target number 1 - ₹105 and second target - ₹102 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of APOLLO

Looking at APOLLO, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, APOLLO has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for APOLLO is strong bullish.

Tomorrow's Volume based share price Forecast for APOLLO

APOLLO's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 98%.

Reversal detection for APOLLO

Predicted trend chart of APOLLO tomorrow for price forecast
APOLLO may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹103 in morning tomorrow
Target 1 tomorrow108
Target 2 tomorrow109
Target 3 tomorrow111
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with APOLLO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if APOLLO opens on a positive note, our first target will be ₹109.55. If Target 1 is achieved, we will aim for Target 2 which is ₹111.20.

But if APOLLO falls below the average value of ₹106.35, you can enter a sell side position with target number 1 - ₹104.70 and second target - ₹101.50

APOLLO's Weekly Targets
1st Up Target 111.43
2nd Up Target 114.97
1st Down Target 100.93
2nd Down Target 93.97

As the week for APOLLO ended on bullish sentiments, we can expect further continuation of this sentiment. APOLLO's initial target will be 111.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 100.93 in the upcoming week.

Weekly OHLC Values
Open 104.00
High 108.00
Low 97.50
Close 107.90

Week for APOLLO started with an open price of 104.00, and the close was at 107.90. APOLLO reached the highest of 108.00 and dipped lowest up to 97.50 last week. This indicates a bullish sentiment for the week.

APOLLO full month swing targets
Monthly Up Target 1 121.93
Monthly Up Target 2 125.47
Monthly Down Target 1 90.43
Monthly Down Target 2 72.97

Targets of ₹121.93 can be expected to be reached in the coming month. Once APOLLO achieved this target, we can aim for the next upside target of ₹125.47.

APOLLO if fails to hold upside, down targets of ₹90.43 and ₹72.97 can be achieved by end of this month.

For complete three weeks if APOLLO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

APOLLO is expected to reach the target of 109.55 in tomorrow's trading session.

After achieving the initial target in APOLLO, we will aim for higher targets of 111.20 tomorrow.

However, if APOLLO starts to trade below ₹106.35, then we will shift our focus to the sell side and aim for down targets of 104.70 and 101.50.