๐ Aptus Value Housing Finance โ Long Darvas Box with Rising Support
APTUS
๐น Price Action
The stock closed at โน335.45 (+5.62%), trading within a long-term Darvas Box pattern between โน297 (support) and โน393 (resistance). Despite the recovery this week, the stock remains capped below its upper resistance zone.
๐น Technical View
Darvas Box Range: โน297 โ โน393
Support Levels: โน297 โ โน320 โ โน343
Resistance Levels: โน366 โ โน393 (major)
Indicators:
RSI currently at 52.29, moving inside its own Darvas-style range.
A hidden bearish RSI divergence is visible, hinting at weakness unless the stock clears โน393 decisively.
Rising support trendline is intact, giving a bullish bias until broken.
๐น Strength & Weakness
โ Strong long-term base above โน297 provides downside protection.
โ Darvas Box + Rising support suggests accumulation.
โ Volume spikes at lower end indicate buying interest.
โ ๏ธ Repeated failures near โน393 mark strong supply zone.
โ ๏ธ Hidden RSI bearish divergence shows underlying weakness.
๐น Outlook
Stock remains in a Darvas Box consolidation.
Bullish only above โน393, which can trigger a breakout towards โน430โโน460.
As long as โน297 support holds, risk remains controlled.
A breakdown below โน297, however, could drag the stock lower.
๐ข Disclaimer: This analysis is for educational purposes only, not investment advice.
๐งโ๐ผ Rajneesh Sharma โ SEBI Registered Research Analyst (Reg. No. INH000020332).
๐ Stock market investments are subject to market risks. Do your own research before investing.