APEX trade ideas
#APEXFROZEN #APEXThe triangle pattern formation. If it breaks the downward sloping trendline, it could move very fast. Very favourable risk to rewards ratio.
APEX FROZEN FOOD - Ascending Triangle Pattern - Swing TradeThis analysis is purely based on price action and chart pattern.
Another zoomed-in image showing Fibo-Support by price is included here for more understanding.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Trade Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.
Apex - BullishApex CMP - 283.80
Looking bullish in higher time frame. One can go for Swing / Short Term Trade setup with the following entry, exit & targets
Buy at or above 285 / Stop Loss 275
Target1 - 288
Target2 - 290
Target3 - 293 / 295
Short Term Target 350 / 450 / Stop Loss - 260
Disclaimer: This is my view and for educational purpose only.
APEX , entry on open above 280, TG 300Price has recently taken support from 200DMA on hourly time frame. It has printing upward direction with increased volume. During last hour of closing session price has attempted to breakout the bull flag.
APEX FROZEN FOODS - Wait for breakoutCMP 266
A 3 VCP has been formed and is trading at the resistance.
It is also within the 'Ascending Triangle' .
A GoldenCross is also being awaited soon.
On the upside the potential of gains is good at 19.5% and 28% above the resistance of 330.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the confidence.
APEX FROZEN - OBSERVE PRICE ACTION NEAR 175-170 levelsAPEX FROZEN - OBSERVE PRICE ACTION NEAR 175-170 levels
The structure of stock still looks weak, so currently its better to avoid any trading in it, though it has created a good support zone near 170 levels, hence any pullback towards this level has to observe carefully to find any trading opportunity in the stock
