APEX FROZEN FOODS LTD.
APEX FROZEN FOODS LTD was trading in a continuous
downtrend. However, it has given a trend line breakout along with buying
structure flag pattern reflecting bullishness of the stock.
In Thursday’s session,the
stock has consolidated near the resistance level placed at 350 and closed near
the resistance level.The stock is appearing bullish if it successfully gives
breakout at 350 which is also its daily resistance level.
Therefore, a buying position can be made above
the level of 350 or between the ranges of 350-352 for the targets of up to 362-375
with the stop loss of 340 on closing basis.
APEX FROZEN FOODS LTD.
APEX FROZEN FOODS LTD was trading in a continuous
downtrend. However, it has given a trend line breakout along with buying
structure flag pattern reflecting bullishness of the stock.
In Thursday’s session,the
stock has consolidated near the resistance level placed at 350 and closed near
the resistance level.The stock is appearing bullish if it successfully gives
breakout at 350 which is also its daily resistance level.
Therefore, a buying position can be made above
the level of 350 or between the ranges of 350-352 for the targets of up to 362-375
with the stop loss of 340 on closing basis.
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