India Finance Minister Nirmala Sitharaman in budget speech says government targets doublng seafood exports to 1 trillion rupees ($12.05 bln)
Chart looks great on D/W/M fronts, looks ready to jump higher.
💥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
Looking good as it breaks out of the long term trendline with volumes Many crossovers are due in the higher timeframes
Stock 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...
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.
*good cash buy stock . * well located for swing . *good risk reward available .
Coming off of the downtrend the seafood sector looks to be turning around with changing dynamics from the central govt.
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Watch the stocks for reversal signs. Needs to show some signs above resistance. If shown can be next multibagger.
Positional 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 entered into stage 2. Swing and positional play for 20-30% gains #long
Closing above 200 in weekly triggers long 5% risk , 20% target
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...
Took a buy position on daily tf breakout level. looks good for short term. Sl below 310
Squeezed triangle pattern formed in weekly timeframe, Breaking the triangle can give a quick upmove
Crucial 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.