IbankerSid

Apollo Hospitals - Elliott Long - Positional

Long
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
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.