Flag pattern on APEX Frozen Foods
ANALYSIS 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.
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.
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