APOLLO HOSPITAL formed Head & Shoulder pattern. It is indicating that sentiment for this stock is in negative side.
However, be careful while trading this stock. Because it is standing on its support level which is yellow trend line and the neckline of H & S pattern.
If it takes support from this level, it will definitely form W pattern. My view will bullish only when it will close tomorrow near about 3200.
So for the timing my view is negative. Since RSI diversion is also showing weakness. Sell or buy PE only when it crosses 3145 and sustain, it can come till 3100 and 3091.
This idea is only for educational purpose, Please trade at your own risk.
Those charts which I have shared till yet has given good amount of profit. So if you like my idea, please follow, like and share.
APOLLOHOSP
However, be careful while trading this stock. Because it is standing on its support level which is yellow trend line and the neckline of H & S pattern.
If it takes support from this level, it will definitely form W pattern. My view will bullish only when it will close tomorrow near about 3200.
So for the timing my view is negative. Since RSI diversion is also showing weakness. Sell or buy PE only when it crosses 3145 and sustain, it can come till 3100 and 3091.
This idea is only for educational purpose, Please trade at your own risk.
Those charts which I have shared till yet has given good amount of profit. So if you like my idea, please follow, like and share.
APOLLOHOSP
Trade active:
As I said target achieved