APOLLOHOSP trade ideas
Apollo Hospital-On Steroids, Great Volume|Long play opportunityThanks for coming to this update.
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Apollo Hospital is showing some excellent strength toward the upside.
Even though the market was falling for the past few sessions, ApolloHosp has been constantly moving upwards.
Volume for the previous session was the highest seen in a long time and even at the weekly level, the volume has been on the rise as you can see on the right-side chart.
Currently, it looks a bit overextended and may show a retrace but I would consider taking long opportunities in this stock if I see a good one.
I am not saying that this stock cannot fall, but just that I like to generally have a one-sided view for stock and chose the setups accordingly.
There is every possibility that this stock may come down to test 2000 or even 1800 level and that would still be a healthy pullback as stocks do tend to come and test the previous resistance as support upon breakout.
if it starts to trade below 1800, then it can be a bit concerning.
Trade with proper SL and risk management.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“I wish I had taken the SL that day.” ― Losing trader
ApolloHosp - Wait for weakness and shortThanks for coming to this update.
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A few days ago I had posted on TV to long ApolloHosp and the stock has played out as expected.
Now, ApolloHosp looks seriously overextended and also a good opportunity to short in the near future.
Not sure what exactly is driving this up like this, but wait for weakness before going short on this.
Wait for a red candle day and then you can think of playing it on the short side. Till then, trying to short this would be like coming in front of a fast-moving train.
Probably, many retailer traders would get caught in this move.
If you are long, then I would recommend taking partial profits at least.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk-reward ratio is best.” - Jaymin Shah
Live Intraday Trading - Trading against the trendAt current situation there is heavy buying going on in Pharma sector . But , I choose to short the stock , WHY?
The stock was rejecting from the high's and at the same time it was trading near it's whole number . This two indications made me to short the stock against the trend.
Note : DO NOT TRADE AGAINST THE TREND UNTIL YOU ARE A EXPERIANCED TRADER.
THANK YOU !!!