finogent

APEX FROZEN FOOD: STRONG BUY

Long
NSE:APEX   APEX FROZEN FOODS
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TECHNICAL ANALYSIS OF NSE: APEX

The LAST CLOSE PRICE of NSE: APEX is 292.25. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 315.8. From here, the Key Support and Resistance levels are SUPPORT 1 at 311.6, SUPPORT 2 at 282.55 with RESISTANCE 1 and RESISTANCE 2 at 335.15 and 358.7 respectively. The Key 50% FIBONACCI LEVEL stands at 335.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values K and D as 44.49 and 29.29 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 1.05 and SIGNAL at -0.92 along with HISTOGRAM showing values of 1.9, the STATUS is clearly UPWARDS.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.74 and -1.31 with TREND CHANGED TO SELL as TREND CHANGED TO BUY. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.0563 the STATUS is OVER BOUGHT.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 25.39 which signifies its Price Level to be OK.



>>> RECOMMENDATION is : BUY (Above 312 price level) ."


THIS IS ALL FOR EDUCATIONAL PURPOSES. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADING POSITION.

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