Apollo Hospital Head & Shoulder Long

Beautiful inverse Head & Shoulder pattern has formed and given breakout. My Trading mates can take advantage of it. The pattern is so clear that it does not need any clarification, however in case of any question/query please feel free to ask, I would try to reply at my earliest.

Those who would trade it are requested to mention it in comments with their Entry/SL/Exit for leaning and supporting the newcomers.
Let's grow together !


Thanks Praveen Sir ! This is on Radar from 1170 :-)
@dev_trader, Since is it on your radar you must have trading plan if you like to mention please do it here so that others can learn from it. Thanks !
dev_trader praveen.bhatiya
@praveen.bhatiya, Absolutely sir. However still trying to get that much of confidence so to share with all others. I saw your post, and got a sort of confirmation that we picked up correct one in right direction.

I will try to publish as much as possible. Regards !
I was commenting on your suggestions for traders to intimate for Stop loss etc, it is definitely a good practice to confirm the levels, for a safe trade.

My views is also to go long above the neck line break out level (with 1210 stop loss) for a target 1270.Actual target is calculated based on the head depth comes around 120 point added to 1210 is coming1330. For an H&S the volume is also supporting but the neck line is slanting downwards showing a lesser degree in bullishness. Don't expect a big move in this trade.
I mean that, I would like to keep a target 1270 which is like a triple bottom resistance seen in the chart. Also Apollohosp is in downtrend now having lower high lower low. so keep a broader view for main trend while initiating a trade, also see that,the trend line connecting last two highs make a trend line resistance around 1270
@padiyara, I sincerely appreciate your efforts and detailed trade plan. Thanks a lot
Nice guidelines
@padiyara, If you could share from your experience how to handle this trade : your entry SL etc it would be great help for newcomers. Thanks
Expecting 1320 in apollo hospital at extreme. Small correction towards 1195 might be seen in very short term. Nice Long Call. Good Risk:Reward. All the best !!
praveen.bhatiya Prince_Kanodia
@Prince_Kanodia, Very nice Thanks!