Stock analysis Apollo hospitalGood morning friends we are analysing Apollo hospital as per the request made by one of our friend friends Apollo hospital is in reversal zone and the support will be 5200 and in the days to come means our horizon is 4 to 5 days this stock can see a move of 180 points and will go up to the level of 5380 remember we are only expressing your opinion and there is no recommendation and please provide your feedback on our analysis we will be thankful to you for this and we are only sharing our opinion thank you regards.
Apollohospital
APOLLOHOSP <> Expecting PullBackAt strong resisntace level:
1. Long term resistance trend line
2. Fib 1.618 level
3. Big even number of 3600.
Target : 3500.
It moved about 14% in last 5 trading sessions. Expecting a pull back to 3500 to test the near term previous line of resistance as support. This point is also near to it's 7MA.
APOLLO HOSPITALS :: BULLISHDATE: 19 MAY 2021
INSTRUMENT: APOLLOHOSP
TREND: BUY
TIME FRAME: day
CMP: 3229.70
BUY ABOVE: 3250
STOP LOSS: 3150
TGT 01: 3350
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Apollo Hospital | Inverted head and shoulder w/ flag patternThis stock closely followed the inverted head and should pattern and broke the neckline. The price target today was nearly short of 40 points if compared w/ neck to head distance which is still good. The stock also touched it's near high today.
It will be interesting to see where does stock head this. I am of the opinion that this will show a short term bearish trend till the nearest support.
APOLLO HOSPITAL - Cup & Handle - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade set up along with the logic has been explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
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