APOLLOHOSP trade ideas
#APOLLOHOSP Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
APOLLOHOSP Trendline Breakdown Apollo Hospital: There is a Daily Timeframe. In order to take the trade have showcased 75 mins/ 1hr Timeframe.
Key things to notice or consider below trading:
1. There is a Support becomes resistance
2. Volume of the Break down candle needs to be higher than the previous candle
3. Target till Daily Demand zone
APOLLOHOSP is forming triangle patternNSE:APOLLOHOSP Large cap Health care stock is forming triangle pattern with 4 months support line and 9 months resistance line with 4 rejections.
Previous support line was broken at 2022-04-29 and fallen 25%, hence this time enter only on strong breakout and follow strict SL.
Shorting can be attempted with triangle's support is broken strongly, and SL need to be followed strictly.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Apollo HospitalsApollo Hospitals- Formed H&S Pattern Also we can see imbalance candles as that will be the target.
Also the Market started Bullish so it will travel until the marked Sell zone nearly 4000 to 4200 Target it may reach.
Disc- Not a Tracing Recommendation, Just for Learning and Training Purpose only. Have your own decision before entering into this.
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