Apollo Micro Systems Ltd BUY STOCK OF THE VIEW

 

Apollo Micro Systems Ltd BUY 110 TARGET 118/135/143/156 SL 93 POSITION CALL  

Based on the chart you provided for Apollo Micro Systems Ltd (NSE) on the 2-hour timeframe, here's a technical analysis including target, stop loss, and support/resistance levels across short, medium, and long-term views using Fibonacci retracements, volume, and RSI.

📊 Technical Overview Current Price: ₹110.99

Price Range in Focus: ₹93.43 – ₹156.63

Fibonacci Levels:

0.786: ₹135.26

0.618: ₹118.30

0.5: ₹106.39

0.382: ₹94.48

RSI: Around 36.52 – indicating oversold to neutral region.

Volume: Notable spike at key reversal area, potential for support.

✅ Support & Resistance 🔹 Immediate Support: ₹106.39 (Fibo 0.5 level) – Important short-term support

₹104.73 – Horizontal support

₹93.43 – Strong base support near Fibo 0.382

🔹 Immediate Resistance: ₹115.49 – Major resistance zone (also near Fibo 0.618)

₹118.30 – Fibo 0.618 retracement level

₹131.26 – Mid-resistance

₹143.02 and ₹156.63 – Major resistance for medium/long term

🎯 Targets & Stop Loss Strategy 🔸 Short-Term View (1–2 weeks): Entry Zone: ₹110–112 range

Target: ₹115.50 – ₹118.30

Stop Loss: ₹106 (below Fibo 0.5 level)

Risk/Reward: Favorable if bounce sustains above 106

🔸 Medium-Term View (2–4 weeks): Target 1: ₹118.30 (Fibo resistance)

Target 2: ₹131.26 (next significant resistance)

Stop Loss: ₹104.50

Bias: Sideways to bullish, contingent on breaking ₹118.30 with volume

🔸 Long-Term View (1–3 months): Target 1: ₹135.26 (Fibo 0.786)

Target 2: ₹143.02 and ₹156.63 (supply zones)

Stop Loss: ₹93.43 (major support, breakdown invalidates bullish thesis)

Bias: Consolidation phase; breakout above ₹131.26 will likely attract long-term bullish momentum.

🧠 Technical Interpretation Structure: The stock is consolidating in a wide range after a strong uptrend, forming potential higher lows.

Fibonacci Levels: Price respected the 0.5 level and showed a bounce, indicating a possible retracement toward higher Fibo levels.

RSI: Recovering from oversold; a cross above 40-50 with price moving above ₹115 would be bullish confirmation.

Volume: Decent accumulation around ₹104-106; suggests buying interest.

📌 Summary Table: Term Target(s) Stop Loss Bias Short Term ₹115.5 / ₹118.3 ₹106 Bullish Medium Term ₹118.3 / ₹131.2 ₹104.5 Bullish Long Term ₹135.2 / ₹143 / ₹156.6 ₹93.4 Cautious Bullish