Apollo hospital to be taken for long entry

Apollo hospital share is no very bullish mode. The stock is on uptrend . In today's session the daily breakout level of 1424 has been completed & also the second BO of 1435 is also done. Now the stock is trading above the 50 EMA & ready to touch the level of 1470 as marked in the chart. Once stock cross the level of 1475 more strength can be seen in the stock. So add the stock in your watch list to see the price action. Long entry can be taken above the 1440 level .

Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .

Trade closed: target reached:

made high 1480