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
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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
dravya
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Nice short setup later !!
skbharathi
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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
dravya
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@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.