Apollo Hospitals looks bearish according to the technical data
Time Frame - 4H
Candlestick Chart
1. Falling Window Pattern
2. ema (20,50,100,200) - Negative
- All four lines are squeezed the wave.
3. RSI < 40 (Negative)
4. Bollinger Band
- Squeezed in a pipe like shape
- Breakdown of the lower band
- Negative
5. Macd
- Bearish Crossover
- Histogram shows the selling pressure
- Negative
6. The overall chart structure looks weak.
7. The price will make a new swing low.
Candlestick Chart
1. Falling Window Pattern
2. ema (20,50,100,200) - Negative
- All four lines are squeezed the wave.
3. RSI < 40 (Negative)
4. Bollinger Band
- Squeezed in a pipe like shape
- Breakdown of the lower band
- Negative
5. Macd
- Bearish Crossover
- Histogram shows the selling pressure
- Negative
6. The overall chart structure looks weak.
7. The price will make a new swing low.
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