IbankerSid
Long

Apollo Hospitals - Elliott Long - Positional

NSE:APOLLOHOSP   APOLLO HOSPITALS
Apollo Hospitals seems bullish along with other hospital/ pharma labs companies

Reasons for long:
1) Long as per Elliott Wave 5th wave, in uptrend with a strong movement today
2) Above Fibonacci resistance, can continue up-move
3) Pharma /Hospitals are in overall up trend
4) Buy above
4) Targets essentially: Target 1: 1,535; Target 2: 1,550: Target 3: 1,584. SL: 1,519 (small one, SL has to be as per one's appetite and on technical analysis basis)

Hope you are all enjoying the EW analysis.

#Disclaimer: This is for educational purposes only. Trade at your own risk. Stop loss is essential. Trail diligently

Comments

Wave 4 can't overlap wave 1 unless it's an diagonal
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out