APOLLO HOSPITAL :A very Low risk setup Long

APOLLO HOSPITALS.NSE

Description

⋅ May 25, 2021 8:47 PM

Well, as we can see in the chart the price is constantly taking multiple support from the Ascending Trend Line(TL).

The logic here is very simple, as the price has come to the same TL, we can enter with a minimum risk.

Those trades are the best in which risk is very low and returns are almost 3 times or 4 times.

RISK : 2.25 %
RETUNRS : 8.40%

Best of luck everyone.

Enter only when we are 100% confident.

Comments

MeenaGan

⋅ Jun 26, 2021 6:12 PM

super, I booked the target. thanks

Pratik_Barchha

⋅ Jun 27, 2021 6:01 AM

@MeenaGan, That's Great !!
Best of luck .. keep posting such comments it really motivates me.
Thank you.

tsnaveen.ee

⋅ May 26, 2021 12:04 AM

It will come back near 2800. seems like its a flat correction. 90% chances that your SL will get hit. and the fall will be sharp in nature.

Pratik_Barchha

⋅ May 26, 2021 9:18 AM

@tsnaveen.ee, lets wait and watch ,if it does SL is there to save us .. :)
2nd case scenario: if the candle closes strongly below the TL with good volume then we can stand on the selling side .

tsnaveen.ee

⋅ May 31, 2021 2:55 PM

@Pratik_Barchha, you maybe right but my experience says not always trendline support work in our favour. Only and only Impulse move follow the trendline. chances are very less that stock will take support on trendline

Pratik_Barchha

⋅ Jun 27, 2021 5:59 AM

@tsnaveen.ee, as i said sir .. If we have proper Risk management and Proper position sizing then I dont think it will hammer our perfomances ..
It touched our target and came back down .. this is how Proper reading of chart helps ..
Market gives lot of chances we just need to grab them .. :)

tsnaveen.ee

⋅ Jul 9, 2021 2:21 PM

@Pratik_Barchha, yes sir you are right.