rahuljaiswal1580

Breakout Setup - Wait for the price action

Long
NSE:APOLLOHOSP   APOLLO HOSPITALS
Price action and the setup clearly indicates for a breakout confirmed by good volumes and RSI in momentum.
Stock has just come out of its accumulation range for which a good upside potential could be seen in few upcoming sessions.
A good OI build-up was seen in today's session which has a good potential to break this level.

But before that it should clearly break and sustain over its key level: 1545-50. Otherwise it could act as a good resistance since bears are eagerly waiting to short at this levels.

Wait for the right price action before entering long.

Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!

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