APCOTEXIND trade ideas
BUY FROM HERE- VISION SHOULD BE LONGTRIANGLE BREAKOUT IN MONTHLY CHART + FORMING A DOUBLE BOTTOM
BUY FOR A TARGET OF - 410 ++
COMPANY WITH GOOD FUNDAMENTAL AND REPORTED VERY GOOD RESULT RECENTLY.
ApcoTex Ind - CMP: 209It had given Inverted Head-N-Shoulder pattern breakout and It was under accumulation range. Now it has broken the consolidation range and given breakout on the daily chart. A long-term investor can expect a good return on this stock. We can expect price movement up to 300 in the Mid to Long term time frame. It has also given rounding bottom breakout on weekly chart. We can expect 230/235 price movement in the near term.
Buy Apcotex IndustriesMy idea is for educational purpose.
Buy Apcotex industries @ 210 and decline for short term gain of 10-20%.
DAILY SWING CALL // Monday 25th of January 2021 / NSE: APCOTEXINDAILY SWING CALL // Monday 25th of January 2021 / NSE:APCOTEXIND
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 183.75
TARGET: 212 (15% Around)
STOP LOSS: 165 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
APCOTEXIND Reducing cup size for BO - SwingNSE:APCOTEXIND Levels already mentioned.. Look for Swing..
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Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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Apcotex - Fresh Entry Opportunity?See comments on the chart. The Qtrly results could provide the next trigger for the stock to move up from these levels.
Disclaimer: I am a newbie to TA. Please do your own research.
if closes above 556 today, then looking damn good for 750534 is my stop loss!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Apcotex - Has the Wave 5 uptrend begun?After making a bottom at 440 levels, I think Apcotex has begun its Wave 5 uptrend. I expect this wave to continue till the price reaches 690 levels. The stock has nicely taken support at the 200 Week EMA in the past and reversed from there. It seems to have done the same this time also. The stock has closed above the 20 Week EMA today. If it holds above this level and closes the week around this, then the uptrend will continue. Besides, the fundamentals are also turning in favor of the company. Stable oil price, stronger rupee, good demand from end user industries etc.
Entry price: 480 to 510
Stop Loss : 440
Target: 680 to 700
Disclaimer: I am no expert in TA. This is part of my learning attempt at technical analysis. So if you follow this advice, please do it at your own risk. Comments & feedback is always welcome.
Repetitive patterns The share has seen a repetitive sequential of session highs and lows (time range 3-6 months), forming two new highs- B in the chart after every low A in the chart.
As this is followed we see a predictive range of 595 - 1st Resistance and the 2nd B(Resistance) - 658
Time period - 3 -6 months
