skbharathi

APOLLO Hospital-daily indicating a TL breakout

Long
NSE:APOLLOHOSP   APOLLO HOSPITALS
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3
Apollo hospital , on daily charts indicate a falling TL breakout.Buying interest is also increased.likely targets are 1350 and further targets 1390, with stops at 1295.
Trade closed: stop reached: Though it made a high of 1343, it failed to sustain above that level and it has now closed below the trendline, making the RR no longer attractive, hence stopped out

Comments

Nice short setup later !!
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@dravya, yes boss, the breakout couldnt sustain .it went 150 bucks from there. Kindly give your view now, is it good to go long
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dravya skbharathi
@skbharathi, Now, if you see it's back into the consolidation range it was in earlier and there's an upwawrd trendline you can draw. See from there, I wouldn't trade it now, earlier it was a good setup.
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@dravya, Noted boss
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