APTECHT trade ideas
Aptech : Showing sign of bearish exhaustion gapScrip can now be seen to be dominated by bears fas it has already retraced to fill the gap created - exhaustion bearish gap and it also gets validated by low volume but price rise and then, trend reversal
Bearish confirmation as also can be seen through death cross which is a crossover resulting from a security's long-term moving average breaking above its short-term moving average
Higher volume would result in selling pressure and shorting opportunity
Enter below 306
TP till 280 or beyond
Sl as per risk appetite
Aptech : Ascending TriangleScrip has been on the bullish trend with formation of ascending triangle
Ascending triangle
The ascending triangle is a bullish pattern, which gives an indication that the price of the security is headed higher upon completion. The pattern is formed by two trendlines: a flat trendline being a point of resistance and an ascending trendline acting as a price support.
The price of the security moves between these trendlines until it eventually breaks out to the upside . This pattern will typically be preceded by an upward trend
The most telling part of this pattern is the ascending support line, which gives an indication that sellers are starting to leave the security. After the sellers are knocked out of the market, the buyers can take the price past the resistance level and resume the upward trend.
Waiting to enter on confirmation after the scrip breakout and the bulls come in complete flow over the scrip :)
Rest in charts..
Fundamental - The company is debt-free, has been maintaining a healthy dividend payout of 38.09% e.t.c. Overall, A sound company to invest for long for atleast minimum 4-5 months as it has the potential to go beyond 52-week highs, this time
www.screener.in
On request: Aptech: In consolidation phaseAptech
CMP 214.50
Observations
The stock has had a fantastic ride in the last 1 year moving from 56 odd levels to 250
228-240 zone is looking likely to act as potentially strong resistance zone going forward
Expecting the stock to consolidate in the range of 228 to 192 with possibility of some downward bias breaking on the down side testing 166-160 levels in times to come where risk::reward ratio will look attractive.
Use alerts to keep updates on the stock
Do review your trading plan and Plan your trade accordingly...!!!
Take care & safe trading...!!!
Aptecht- Some Steam Still Left Above 135Aptecht has taken support of 20 period moving average & looks like some steam is still left. In today's session- let it pullback to the zone 128-129 & rally above 130 mark- in that case longs could be initiated taking care of 123 as important support in scenario.
Regards,
Abhishek H.Singh, CMT
Aptech-Aren't you part of this..Missing (This is 3rd Wave)Are you part of this...Awesome..Aptech is running in 3rd wave-if aren't a part of this, then you are missing something. 3rd wave should complete at 170-175 zone where it will finish 161.8 of the 1st wave starting from 40.25 low- which completed C-Wave since 2007 fall from 440's.