APEX Frozen Foods - Weekly Chart - CMP 259Looking bullish in the coming months. Already broke the trendline with 18 M Volume and retested and started reversing
APEX trade ideas
Apex Frozen Foods: Descending Triangle Breakout PotentialAnalyzing the Apex Frozen Foods Chart
Chart Pattern:
The chart appears to be showing a descending triangle pattern. This pattern is characterized by a series of lower highs and a horizontal support level.
Technical Analysis:
* Descending Triangle: The price is making lower highs while the support level remains relatively constant, forming a triangle shape. This pattern often indicates a potential bearish breakdown.
* Support Level: The horizontal line around the 245.00 level acts as a key support level. A break below this level could signal a significant downtrend.
* Volume: The volume appears to be declining, which is often associated with a consolidation or accumulation phase before a breakout.
Trading Strategy:
* Wait for Breakdown: A conservative approach would be to wait for a clear breakdown below the support level with increasing volume.
* Stop Loss: Place a stop loss above the recent high to limit potential losses if the price reverses.
* Target: The target could be based on the height of the triangle or technical indicators like Fibonacci extensions.
apex#apex, looks this time it will not come back, close is above 200 dma weekly, volume is supporting,with 270 sl, buying can be initiated.
Apex Frozen Foods Long Term Investment IdeaAfter Budget Aquaculture Business will be benefited custom duty reduced in budget announcement now it is 5% like its peer Avanti Feeds as well, I will post Avanti Feeds analysis in next blog inshallah. Stock show beautiful Triple bottom pattern on weekly chart with breakout 250 levels and bullish crossover ad all time low consolidation from last 16 month and make lower highs. Now high trading volume emerge from last 3 days. stock can retrace till 250-240 level for achieving my Target which is 287-350 levels which is 15%-35% that is shown in the chart. Weekly, daily RSI above 60.
APEXAPEX
Weekly timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
💥Apex Frozen Foods💥-Nice Breakout💥Apex Frozen Foods💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-262-266
Breakout Price-262
Stoploss-210
Targets-308-379
RT for max reach
#apexfrozenfood #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Apex frozen foodsLooking good as it breaks out of the long term trendline with volumes
Many crossovers are due in the higher timeframes
ApexStock name = Apex Frozen Foods.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Apex Frozen Sea food sector in focus after there are rumours of announcement regarding export policies related to frozen sea food. Keep eye on apex for a target of 300-350+ in short term.
SEAComing off of the downtrend the seafood sector looks to be turning around with changing dynamics from the central govt.
Apex Frozen !!! Bottom Buy
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
Sorry, I was banned by the moderators for not following the house rules ... But here I am back again :-)
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
Watch out For Reversal Signs. Watch the stocks for reversal signs.
Needs to show some signs above resistance.
If shown can be next multibagger.
Buy $NSE:APEX @ CMP with Target 255 and SL 215Positional Trade Analysis,
The stock has just broke out in RSI 15 mins chat and it is trading within the channel. The Parabolic SAR is in incremental stage. The stock can also be considered for long term investment based on the price action within the range of 240 to 260. NSE:APEX
Apex Frozen Foods Ltd (Apex) 🫳🏿 time now ??? Apex Frozen Foods Ltd (Apex) is an integrated producer and exporter of processed shrimps based in Andhra Pradesh, South India. The company has a capacity of 29,240MT.
In Q3-FY23, Apex experienced a 1% year-on-year decline in revenue due to reduced demand in key export markets such as the US and EU, as well as a supply shortage of specific-size raw materials.
Despite the decline in export prices, the company managed to maintain stable realisation year-on-year, helped by rupee depreciation. This is because the decrease in the export price in dollars was offset by the depreciation of the rupee.
Apex's future growth will be driven by its backward integration (hatchery), an increase in the newly-added capacity, and a larger contribution from value-added products.
The company has expanded its ready-to-eat (RTE) capacity from 5,000MT to 10,000MT and anticipates starting commercial production in Q4-FY23.
Apex is currently awaiting approval to sell RTE products from the new capacity in the European market. Europe currently contributes to only 18% of total revenue.
The company's earnings are expected to grow at a 45% Compound Annual Growth Rate (CAGR) over FY22-24.
Apex is currently trading at 9x 1Yr Forward Price to Earnings (Fwd P/E). The company is valued at 10x (3Yr Average=10x) on FY24 Earnings Per Share (EPS)
disc: Invested , first trance taken
Apex Frozen FoodSqueezed triangle pattern formed in weekly timeframe, Breaking the triangle can give a quick upmove
Apex FrozenCrucial Support Broken
Short term view: Sell on Rally as it will take another quarter to reconstruct the price.
Long term view: Hold as: Discontinued operations at the leased facility (6,000 MTPA) and commenced operations at the new processing plant in G. Ragampeta(20,000 MTPA). The financial impact will be for short term due COVID-19.
APEXFOR EDUCATIONAL PURPOSES. Apex Frozen Foods Ltd. is a producer and exporter of variants of processed litopenaeus vannamei and black tiger shrimp. It engages in the business of export of shrimp; and geographical segment exports its products to the United States of America. The company was founded on October 24, 1995 and is headquartered in Kakinada, India.
