Stock Information Portal

Price and trend forecast of APEX for Tomorrow, Weekly, Monthly

Apex Frozen Foods Limited

Symbol: NSE:APEX

ISIN: INE346W01013

311.10

As on 2024-07-24

188.30 (52W Low) 312.07 (52W High)

APEX's Today's Performance

Apex Frozen Foods Limited started the day by opening at 263.00 today 2024-07-24. Its shares reached a high of 312.07 and dipped to a low of 262.99 in intraday. When the markets closed, APEX’s stock price settled at ₹311.10 per share. Also check out its key support and resistance levels.

APEX Buy/Sell Targets

Tomorrow, buy APEX when its price reaches ₹ 311.10 with a stop-loss order at ₹ 294.62. You can set the target price as ₹ 327.58 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of APEX for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for APEX

Downside Targets Value in ₹
Tomorrow Down Target 1 328
Tomorrow Down Target 2 344
Tomorrow Down Target 3 377

Important Levels for APEX

Holding Levels Value in ₹
Tomorrow Up Target 1 279
Tomorrow Up Target 2 246
Tomorrow Up Target 3 230
Based on where the stock opens tomorrow, if APEX opens on a positive note, our first target will be ₹328. If Target 1 is achieved, we will aim for Target 2 which is ₹344.

But if APEX falls below the average value of ₹295.39, you can enter a sell side position with target number 1 - ₹279 and second target - ₹246 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of APEX

Looking at APEX, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, APEX has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for APEX is moderate bullish.

Tomorrow's Volume based share price Forecast for APEX

APEX's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -6%.

Reversal detection for APEX

Predicted trend chart of APEX tomorrow for price forecast
APEX may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹259 in morning tomorrow
Target 1 tomorrow314
Target 2 tomorrow326
Target 3 tomorrow344
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with APEX's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if APEX opens on a positive note, our first target will be ₹327.78. If Target 1 is achieved, we will aim for Target 2 which is ₹344.47.

But if APEX falls below the average value of ₹295.39, you can enter a sell side position with target number 1 - ₹278.70 and second target - ₹246.31

APEX's Weekly Targets
1st Up Target 336.40
2nd Up Target 361.69
1st Down Target 261.48
2nd Down Target 211.85

As the week for APEX ended on bullish sentiments, we can expect further continuation of this sentiment. APEX's initial target will be 336.40 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 261.48 in the upcoming week.

Weekly OHLC Values
Open 241.45
High 312.07
Low 237.15
Close 311.10

Week for APEX started with an open price of 241.45, and the close was at 311.10. APEX reached the highest of 312.07 and dipped lowest up to 237.15 last week. This indicates a bullish sentiment for the week.

APEX full month swing targets
Monthly Up Target 1 411.32
Monthly Up Target 2 436.61
Monthly Down Target 1 186.56
Monthly Down Target 2 62.01

Targets of ₹411.32 can be expected to be reached in the coming month. Once APEX achieved this target, we can aim for the next upside target of ₹436.61.

APEX if fails to hold upside, down targets of ₹186.56 and ₹62.01 can be achieved by end of this month.

For complete three weeks if APEX is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as APEX

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

APEX is expected to reach the target of 327.78 in tomorrow's trading session.

After achieving the initial target in APEX, we will aim for higher targets of 344.47 tomorrow.

However, if APEX starts to trade below ₹295.39, then we will shift our focus to the sell side and aim for down targets of 278.70 and 246.31.