APOLLOHOSP 16.07.2024
Buy strictly above 6477
Target 6820
Stop Loss 6247
Risk Reward- 1:1.5
1. Inside bar breakout in day TF & Bullish engulf in weekly TF
2. Price has formed double bottom at key level & also rejected from 200 EMA
3. Later breakdown found by crossing lower low and found retracement.
4. Now price has crossed previous LL where we can consider strong resistance
5. 21 & 50 EMA Crossover found at retracement level
6. From the downtrend view price has just crossed 0.618 level.
Need the rejection from further upmove
7. Volumes are good but still need more to accumulate for upmove.
8. Pharma & Healthcare sector is in good shape
9. Rejection also found in FVG
Trade active
Trade closed: target reached
Target achieved.5.3% with 1:1.5 Ratio
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.