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ParamjitMahapatro
Oct 3, 2017 1:17 PM

apollo hosp looks bullish in short to medium term.  Long

APOLLO HOSPITALS.NSE

Description

Bullish crab formed here in daily time frame. It is satisfying all required criteria -

• B point that is a 0.618 retracement of XA or less.
• Extreme BC projection that is typically a 2.618, 3.14, or 3.618.
• Alternate 1.27 or 1.618 AB=CD pattern required.
• 1.618 XA projection as the defining limit with the structure.
• C point with range between 0.382 and 0.886

Also regular bullish divergence is seen


sl - 980 tgt1 - 1130, tgt2 - 1210

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big move today, up by 2.98%, closed at 1080

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after forming double bottom , price is moving up now

Comment

also Inv HnS formed here,

Comment

HnS tgt coming at 1165,

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Inv Hns tgt achieved


bullish crab tgt also achieved.

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1250+ levels looks easy from here,


next we ll observe the price action around the trendline resistance,
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