#Apex Frozen Food Bullish harmonic#Apex Frozen Food Bullish harmonic
Target -277,296,318
SL-235
PRZ-245.50
CMP:263 @31 October 2021
APEX trade ideas
APEX FROZEN FOOD: STRONG BUY"
TECHNICAL ANALYSIS OF NSE: 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 2 9.29 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.
APEX: Waiting for volume breakout for good swingIf chart sustain the breakout with volume. Will look for good 15-20% gain.
Good setup looking at ROI
Good short term upside can be seen!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 last 2-3 FYs; and
4. Inventories and Trade Receivables are all time high.
apex frozen will freeze at below demand zone and fly !!!kindly check the targets and take risk as per own appetite
Apex FrozenApex frozen after breakout from resistance level , have retested those levels and given bounce.
Support 318 strict.
target 436.
PS: Please consult financial advisor before investing.
Flag & Pole Pattern.. Educational Purpose only.Flag & Pole Pattern.. Seems Ready for the next Bull Run.
Fundamentally Good.. Might see levels of 500- 525 in Short Term.
Keep on Watchlist.
Flag pattern on APEX Frozen FoodsANALYSIS OF APEX FROZEN FOODS
Chart Analysis:- On daily TF of Apex frozen foods , we can see that Stock is formed Flag and pole pattern which is bullish sign for the stock and we can also observe that stock is consolidating near 50% of Marubozu Candle we can expect up move in the stock after flag Channel breakout with good volume. we can confirm our entry with the help of indicators .
RSI :- rsi is near 58 levels which shows bullish signal
DMI :- DI+ line is above the DI- line and ADX line is also supporting at 42 levels
MACD:- Right now MACD is in bearish crossover but selling volume is decreasing which is sign of trend reversal
Varun Aggarwal Dishant Singhal
Entry point :- Entry after upper trend line breakout with good volume
Taget 1 :- 435
Target 2 :- 485
Stop Loss:- 354
Disclaimer :- This chart is for educational purpose please do your own research before investing.
Apex frozen good for 400It breaked out of its low...and trend reversal on the charts is clearly visible...
Buy Apex frozen foodsApex frozen foods looks good for short term gain of 10-20%. For MT/LT it can double from here.
APEX GOLDEN CROSS OVER price action and trend analysisits an educational purposes only, its now at the breakout point.
Golden cross - APEX FROZEN FOODS50EMA has crossed 200EMA - GOLDEN CROSS. Price rising with rising volume and pullbacks with low volume.
Entry @ 288. Expected target 350. Stoploss@ 267.
Apex Frozen Foods waiting for Triple Confirmation to go LongReasons to Go long after Breakout
1. Resistance break
2.Trendline 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.
******* Knowledge Purpose only ********
->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
APEX FROZEN - Trendlines & TriangleApex Frozen Foods on crossing 288 from below with Volume can give a good breakout. BUY CMP , SL/Add Further around 260, 248, 237, 230, Exit 199, Target(s) - 330, 350, 380, 400. It has bounced back from 260-262 levels on a 2H Chart and moving towards 288. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
