APOLLOHOSP trade ideas
Positional Trade - APOLLOHOSPITALConsidering the pattern formed on chart, it can be a good positional trade far the target 1400-1420 considering stoploss at 1270.
APOLLO HOSPITAL - healing some woundslooking nice for a short term move of 1460/1500/1550. BUY on amp or any dip with a SL of 1350
Apollo Hospital ~ Classic Case of Wyckoof DistributionCant get better example for Wyckoof Market cycle Text book distribution pattern. You can clearly see throw-over(breakout) to 1800 happened in low volumes. Now current pullback for RETEST is done.
Staying below 1505 will result in break below 950 and much below.
APOLLOHOSP - OPIND0002Opportunity
-Demand area could give a buying opportunity, if break the support level at 164 could be great selling opportunity.
Caution
-Breakout could be a fail as there is very strong demand zone at 164.
-Before buying look for SL as it could turn out to be a very strong selling opportunity.
APOLLO HOSPITALS - NEAR MAJOR RESISTANCE - WATCH FOR BREAKOUT- Apollo Hospitals is in major RESISTANCE zone.
- The Black linear line represents the zone.
- Follow the below information in order to confirm if there will be a breakout or pullback?
Ans: Those Yellow color vertical lines are called the 'CYCLICAL LINES' and are drawn whenever a candle is formed will represent the trend reversal.
If you observe, post these candles are formed, from the next day you could see either breakout or breakdown. The next Cyclical Line is due to form on 17th April 2020. Basis which the decision could arrive.
APOLLOHOSP ACTIVE EXACT PRZDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
APOLLOHOSP (Apollo Hospitals Enterprise Limited) BUY ABOVE 1485APOLLOHOSP (Apollo Hospitals Enterprise Limited) BUY ABOVE 1485
Apollo Hospital - Buy Short TermHi
Apollo Hospital seems a good buy above 1455.50, with SL of 1422 and target of 1520.
MACD is almost on the verge of cross over.
RSI is above 50
Risk reward is around 1:2.
Hence seems a very good buy above the said level.
