Indianmarket
Bitcoin price could scrap $40,000 before a bigger dipBTC Target: Bitcoin (BTC) aims for $40,000, driven by a rising RSI at 68, signaling further upward potential.
Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum.
Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark.
Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4.
Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors.
Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements.
Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
APTECH LTD : A good Buy for Long Term CMP: 254.70The stock has retraced to 0.618 of the Fib series from its all time high of 418.35 which it reached on 30th May 2023 and has been falling continuously to touch a low of 243.90 on 9th Nov 2023. Thats a drop of over 41% from its all time high.
The stock is finding support at the current levels which happens to be the Monthly and Weekly Instutional Buy Zone and also the 0.618 Fib Retracement level.. this level is a good area for institutional investors to come in.
The average 30 day Volume is around 311 K whereas the last few days the volumes has been in the range of over 750K. This means good buying is coming in these levels.
The monthly Institutional buy zone is between 207/- and 250/-
The stock is still trading below the falling trend line and the ideal buy would be after a confirmed close above the trend line with better than average daily volumes, however since this is a good stock and it is in the important support levels, one can start buying partly ( as per your risk appetite) at these levels and accumulate if it comes lower and within the buy zone mentioned above.
Target: We are looking at a long term target (1.50 to 2 years) of Rs.525/-