1) Likely to breakout of triangle pattern as low volume on retracement
2) Navi mumbai hospital which was loss making and eating away profits has now become ebitda positive, likely to boost profitability in near quarters
3) Fortis IHH deal will rerate the healthcare industry
4) RSI above 60 though fallen due to consolidation
BUY APOLLOHOSPITAL 930-940
SL 910 CLOSING BASIS
TARGET MINIMUM 1004, 1149
RESULT ON 10 AUG
REASON:
FROM HIGH CORRECTION IS COMPLTE.,,
NOW I EXPECT BOUNCE FROM TODAY LOW
WITH SMALL SL
BUY APOLLOHOSPITAL 930-940
SL 910 CLOSING BASIS
TARGET MINIMUM 1004, 1149
RESULT ON 10 AUG
REASON:
FROM HIGH CORRECTION IS COMPLTE.,,
NOW I EXPECT BOUNCE FROM TODAY LOW
WITH SMALL SL
Apollo tyres CMP 222
The stock is today giving some signs of reversal from trend line resistance.
One may consider
selling Apollo Tyres April series
Call Option
Lot size 3000
Strike Price: 230
CMP :3.5
Margin requirement: Rs 96000/- approx
Max profit potential Rs 10500 /- per lot
Thats a potential of 10.9% on margin amount
Holding period: till 27th ...
As per daily chart, the price action is breaking out from the cruical support of 1325, it shall now reach to the next support levels of 1300. It is also been observed that it is forming a head and shoulder pattern indication further bearishness in the price action. It is good to short at current levels taking stoploss at 1330 and target 1300
