APEX trade ideas
Short term strong support broken. Although support in the short term has broken but it is hoped that the scrip is likely to recoup from the current low as evidenced in today's move.
Near very strong supportIt is near the strongest support and is unlikely to go down below 351 tomorrow on closing basis.
Apex Frozen Hourly ! #NSE #BSE #NIFTY50Lot of Upthrust and Ascending Triangle formation in Apex Frozen . A probable upward break out . NSE:APEX
Turned bullishAfter reaching 939 in December 2017, the stock has moved down consistently to level of 333 on in Mid July 2018. Since then the stock has started upward movement and has crossed ½ descending angle two days ago and yesterday closed 487.75. Next target in short term is 540.
Consolidation in progress.For the last 13 days the stock is consolidating and not toeing 1/2 or 1/3 descending line.The stock may continue to consolidate till 10.07.2018 for the next up move unless it starts to go down immediately.
Apex Frozen Foods will be very bullish above 720 Apex Frozen Foods taking support on 100 EMA on daily and on verge of good break!! If 720 crossed then would be a good bet to enter long!
APEX - Go LongNSE:APEX - formed a double bottom - Time for trend reversal.
LONG on APEX, expecting good returns.
Entry CMP, SL 635.
Maintain TSL as week's low.
