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APM INDUSTRIES – IS IT GOOD COMPANY FOR INVESTMENT ??? – SEE WHAT TECHNICAL SAYS

AMPIND

As per the technical chart representation of stock, we can see that recently stock able to move above its resistance level, which is near about 24-25 range.

the chart pattern almost look like “ASCENDING TRIANGLE” which has given a breakout at 25 level, so as per the width of triangle we can see that stock still have scope to move rs. 10-15 more.

as per RSI development it has given a “SYMMETRIC TRIANGLE” breakout on chart.

with the recent development of RSI and price shows that, price is making new high but RSI still not able to cross the previous high level, this is the case of “DIVERGENCE”

so as per technical study of stock we can buy this one in a range of 24-26 with stop loss of 15 target to see is 40-60-90

as per technical chart stock is looking very good, so anytime we get short term buy signal in this stock is a of-course buy for a long term target in multiples.

 

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