The 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...
BUY - APTECH LTD
CMP - Rs. 558
Target - 1: Rs. 720
Target - 2: Rs. 865
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Technicals - Cup and Handle BO
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This is just a view by an expert analyst, please invest at your own risk.
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The 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
Breakout today!!
Broke recent high of 273
Also nearing 3-year highs!
Enter above 285 for targets 300/315
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Aptech 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...
