APEX FROZEN FOODS as per daily chart analysis after fall through the down trend channel today the stock has finally broken the channel and once the stock crosses above 305 level then target 320 is achievable.
Apex Frozen is just Rs. 13/- away from its important resistance i.e., Rs. 290/-. Once it is crossed, it going to give a sharp rise upto T1 340-350/-, T2 390-400/- with SL 230/-. Some of the major positives/ negatives from Fundamentally stand points are :
1. OM are getting better like pre-covid levels;
2. Sales are improving;
3. Borrowings are almost doubled in...
Reasons to Go long after Breakout
1. Resistance break
3.Cup Handle pattern (Bullish)
4. Raising volumes
->> Good to Go long if Price closes above 290 levels( Only with Good confirmation )
->> Always Enter With good confirmation & Maintain proper Risk Reward.
Looks like its going to break the Ascending triangle as it tried before between 19-27 Aug but was rejected and pulled back proving to be a false breakout signal. It showed some strength again on 14-15 sep but again rejected. Now looking at the BIGGER picture (Symetrical Triangle) seems like heading towards a Bilateral situation , means either up or down. I n my...