MohammedJunaid
Long

APOLLOHOSP: Buy at 1029 T1 at 1059 T2 at 1086 SL 1015

NSE:APOLLOHOSP   APOLLO HOSPITALS.
APOLLOHOSP has broken its recent downtrend line and closed above the line. Signifying renewed interest in the stock coming in as volumes are double and the PA covered previous 3 days downfall.
Buy APOLLOHOSP Above 1029 for Target 1 of 1059 and Target 2 of 1086 with Stop-loss on closing basis of 1015.

Please consult your Financial advisor before taking a call on this.
Trade closed: target reached: Target MET @ 1059. High of 1076.20
is there any fundamental news/change here, causing such a change in the chart pattern? in order words the trend was down.. .. sometimes trendlines can be broken for few sessions before resuming orginal direction
Reply
@shiyas, That's true, However Technical trading is only done on confirmation. a close below trend-line will hit the SL and opens opportunity on the down side... Either ways, as far as there is momentum, there is an opportunity.
+1 Reply
Arjun2020 MohammedJunaid
@MohammedJunaid, hii bro. I have shorted Apollo hospital at 1008. Is there any chance it come to my price or shall I exit and book loss
Reply
@Arjun2020, If its taking resistance at 1059 tomorrow again, then wait for 1029 to exit. Else, if tomorrow opens above 1059 and moves further up, then exit it.1029 is immediate support which might not be broken so easily given the way stock was bought today in spite of a weak market.
Reply
Arjun2020 MohammedJunaid
@MohammedJunaid, thanks bro
Reply
shiyas Arjun2020
@Arjun2020, it did come all the way down for you isnt it.. but were you waiting or not ?
Reply
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