Aptech
Aptech - A Multi bagger OpportunityThe stock has been seen making multiple cup and handle patterns. Once the stock closes above its All time high on a monthly basis an entry in the stock can be taken.
This is for high risk takers and people with deep pockets. Also do not risk all your capital in one stock. Deploy cash in a smart manner.
Updates on Buying, Stop loss and Targets will be given once the trade triggers.
This is a play for people looking to hold for long term trends to develop and have chances to triple or quadruple their capital.
Disclaimer - I am sharing my thoughts and trading ideas here. I am not responsible for any loss or profit made my the viewer. Please deploy cash as per your risk appetite. Trading in the financial markets is a risky but highly rewarding profession. Plan accordingly !!
Aptech - forming a massive cup and handle patternThe price is now trading at ~360 level, closing above all important EMA on the daily chart and forming a massive cup & handle pattern. The first major resistance is near 381. It could potentially continue its way up to the multiyear BO level once it breaks above 381.
20%-25% potential upside
Aptech emerges from 2 month consolidationAptech has closed at multi year weekly closing high of 236. The stock can move much higher immediately or can consolidate for some more time before moving up further. In any case, Aptech is a great short to medium term buy at this level.
Stop Loss: 225 WCB
Targets : 292-343 (2018 price levels). The resistance trendline (red TL on the chart) will also act as a strong resistance going ahead. Its current value is 314.