Apollo Hospitals - Time to book profit ?
With Pharma sector looking to take a break after a superfast rally, many pharma stocks have shown signs of a pullback.
After struggling in the 1040-1075 zone for a few days, Apollo Hospitals
APOLLOHOSP formed a large Bearish candle today.
I can see that the price has formed an Evening Star pattern and got rejected at 61.8% of the previous downmove.
Good opportunity to short here with a small stop loss for a target around 970 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
After struggling in the 1040-1075 zone for a few days, Apollo Hospitals
APOLLOHOSP formed a large Bearish candle today. I can see that the price has formed an Evening Star pattern and got rejected at 61.8% of the previous downmove.
Good opportunity to short here with a small stop loss for a target around 970 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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.