APL Apollo Tubes Limited: Stock at a key level

Fundamental news: APL Apollo Tubes Limited continues to show healthy business performance. In Q1 FY27, consolidated sales were around ₹5,607 crore, while net profit increased nearly 11% YoY and EBITDA rose around 13%. The company also reported strong volume growth in FY26. This indicates that the recent price movement is not coming from a major weakness in the business. Technical outlook: The chart remains positive on the larger trend. APL Apollo Tubes Limited is trading above its 10 EMA, 20 EMA, 50 EMA, 100 SMA and 200 SMA, showing a strong broader trend. However, the stock is now near the ₹2,300 area, which is an important resistance zone. RSI is around 65, while MACD has moved below its signal line, indicating some cooling in short-term momentum. A sustained move above ₹2,300–₹2,310 can bring fresh buying, while rejection from this zone may lead to some profit booking. ₹2,150–₹2,180 is an important support area. My view: APL Apollo Tubes Limited has shown a strong recovery and is now testing an important resistance zone. Fundamentals remain supportive, but the price needs to confirm the next move. A breakout above resistance can improve momentum, while failure to cross it may result in consolidation. Disclosure: I or my family do not have any financial interest or position in APL Apollo Tubes Limited.