APCOTEXIND trade ideas
ApcoTex IndustriesApcotex Industries has an operating revenue of Rs. 1,078.16 Cr. on a trailing 12-month basis.
Its manufacturing Chemical products for paper, textile etc industries.
An annual revenue growth of 76% is outstanding, Pre-tax margin of 14% is healthy, ROE of 24% is exceptional.
The company has a reasonable debt to equity of 7%, which signals a healthy balance sheet.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 34% from 50DMA and 200DMA.
Box break at 679.
Above all moving averages 9,21,50 and 100 day
Taking support at 9 and 21 week.
Apcotex Industries - Headed for breakout Hello everyone,
I am finding it very interesting to work with few people to find exact time and date for breakouts. We have had good success and I think there is possibility to gain some extra profit without keeping invested for long. I always keep 10% funds free to use anytime, or liquid enough to enter in such trades. Apcotex is a long term stock for me but right now harmonics pattern suggest a good breakout in second week of March. Date mentioned in the chart.
Happy Trading!
Breakout harmonics
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