Support Zone Analysis: Aptech appears to be finding support within the 215-220 range, a critical level that has historically held firm.
Long-Term Trend Observation: The stock has been trading within a parallel zone for approximately 3.6 years, indicating a strong tendency to adhere to this trend. Future movements may likely follow this established pattern.
RSI...
#APTECHT might give 40-50% returns in the next few months.
- Price has been correcting for the last 6 months
- Tight consolidation towards trendline support for the last 6 weeks
- Bullish candle today with strong volumes
Stoploss - 270 or 7.2%
Aptech traded in a channel for 7 months and gave a falling wedge breakout last month with good volume and recently made a double bottom structure and ready for a up move. All the KEY EMAs have come together and once the price closes above all the EMAS and an important resistance that is 294 one can take an entry for the targets mentioned in the charts.
Please...
-Aptech Looking Good above 275
-Volume high
-Rsi & Adx strong
-trend breakout
-after testing strong support zone now its trying to break upper trend with strong momentum.
After long term downtrend will seems to be halt at wekly demand zone then reversing . In this case watch the price as I noted on chart . This was the approch to trade the stock. Analysis must be done before you buy not after buying stock. Keep learning. Not a buy sell recommendation pure learning.
The 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...
APTECH , promoted by Rakesh Jhunjhunwala and company, is hovering around 290 levels.
These levels were the highest since 2008 - 2022, then stock gave breakout and reach around 425 levels, now again retesting the strong support zone.
this should accumulate here and then again start upmove with the september quarter results
buy levels - 290
target 600 plus...
The weekly chart of APTECHT reveals some interesting technical patterns and indicators:
Breakout of Weekly Demand Zone: The chart indicates that the stock has broken out of a significant weekly demand zone. This breakout suggests a potential shift in the prevailing downtrend, indicating a possibility of a bullish trend reversal.
Steep Falling Trendline: It's...
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter.
Company has delivered good profit growth of 20.7% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 83.5%
Debtor days have improved from 158 to 118 days.
Company's working capital requirements have reduced from 153 days to 80.5...
Aptecht
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
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
.
.
Technicals - Cup and Handle BO
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
