The stock is currently around support levels
Note
From charts one can observe that the stock is currently in down trend since last year and a half......It has tested channel support around 1100 levels in Dec 2016.
It made a higher low afterwards around 1131 in April 2017
If stock holds on to 1160-1180 zone that could be an early sign of reversal
However trend reversal will be confirmed once it goes past 1280 zone on weekly closing basis
Note
This is a longer term chart
Note
There u go...Critical levels identified
and view gets simplified...
What Apollo hospitals chart is saying through its short term and Long term chart
Take care & plan ur trade accordingly...
Trade active
High made so far 12751st trgt almost done...
Cmp 1268
One can book profits or hold with revise SL to 1228
Take care & happy trading...!!!
Trade closed: target reached
Book profits completely 1st Target has been achieved and exceeded.
High made today 1339. That's more than 12% in 5 trading sessions
We will wait for a couple of trading sessions to see if 1260-1288 zone holds out & then take a fresh view
Happy trading...!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.