BUY : 463 TO 400
TARGET : 667 TO 681
Reason For Buying This Script :
In this script it has formed double bottom and it is d called as ABCD pattern in monthly time frame. One neckline barker and close above 562 and the next target up to 667.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to...
In weekly, the stock is forming a inverted head and shoulder pattern. The stock is already in uptrend. The RSI is about to cross 60 and has come down from previous bullish zone.
In daily, there is a bullish crossover, and overall the volume is increasing.
In weekly also, the volume bar is above the volume moving average.
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📌TRADE ANALYSIS OF APCOTEX IND :-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high...
📊 DETAILS
Sector: Speciality Chemicals
Mkt Cap: 2,688 cr
Apcotex Industries Ltd is engaged in the production of various types of synthetic latex and synthetic rubber.
It was started in 1980 as a division of Asian Paints, manufacturing synthetic latex and was later spun-off as a separate company under the leadership of Mr. Atul Choksey, former MD of Asian...
A falling channel breakout & then it's retest is completed, today's upmove clearly says it will resume upmove and have respected the falling trendline.
SL :- 533
I earlier discovered this Gem @ 155, booked heavy profits... and waited for 1 year to re-enter.
Remember, if Crude is under control, this stock will fly..
It formed a cup and handle pattern for the daily chart. The technical and fundamental indicators look strong. I have no target in it.
fundamentals
The profit and sales give had more than doubled in 2 years.
Launched new product XNBR Latex for gloves mainly catering to exports and plan to build
the capacity of 50,000 MT for this product and 35,000 MT for...
BUY - APCOTEX INDUSTRIES
CMP - Rs. 572
Target - 1: Rs. 668
Target - 2: Rs. 780
Target - 3: Rs. 875
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Technicals - Bullish Flag Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.
The Head and Shoulders Bottom pattern is observed after a significant downtrend, characterized by three consecutive price declines. The middle decline forms the lowest point, known as the...
Chart -> Apcotex Industries Daily
CMP: 487
Can go to: 525
SL: 460
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
