Apollo
Apollo Hospital Multiple Trades, both Long and ShortPossible Gartley Formation:
1. Risky Traders: Can take Short Position @ CMP(2406) to 2427 and anytime below these levels as well:
A. Target : 2339/2340 (Which is a pivot point as well, further better target)
B. Stop Loss : 2430/2431
2. All Traders: Can Take a long position from 2339/2340:
A. Target 1 : 2383/2384, Target 2: (Will be updated later, once trade is ativated)
B. Stop Loss : 2323/2324
NOTE:
1. Very high reward with very low risk in both the trades.
2. Apollo Hospital follows harmonic patterns most of the time, backtested from previous 2 years data.
3. This Post is for education purposes only.
Apollo Tricoat - Another 25-30% ?Travelling in a pattern. Don't be surprised if this week we see a red weekly candle. It could just be the opportunity we need.
Let's see if the pattern repeats.
On the watchlist.
APOLLOHOSP SELL I hope you can now see how Apollohosp represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
(Intraday) Sell Apollo Hospital
1. Price Movement Stuck in Descending Triangle Pattern.
2. On Drawing AB=CD Pattern Recent Low and High. Recently, Price Retrace to 0.618 Level(AC=0.610).
3. Lets Find the reversal point. Assume BD=1.27 D Point Formed = 1253
4. Sell Below: 1300 Target: 1290, 1282, 1275 , 1253 Stop Loss:1308
Nifty Auto Index | Trade NiveshThe Nifty Auto index was trading 1.17 per cent down at 8487.20 around 09:48 am.
Today Market is so cool Steel and Pharma Sector is bullish note but nifty auto index is 1.17 per cent down it's very clear think Tata Motors (down 3.27 per cent), Maruti Suzuki IndiaNSE -1.96 % (down 1.97 per cent) , Motherson Sumi SystemsNSE -2.40 % (down 1.92 per cent) and Apollo Tyres (down 1.36 per cent) were the top losers in the index.
view by chart technical clear down to become top levels mode
Apollo Tyre1) Bounce with double bottom from long term trendline
2) ok result with good accumulation ; currently at trendline
3) Fundamentally apollo tyre biz should have tailwind of lower rubber and crude cost - trades at 13-P/E
4) High sale of CVs in last 2 years will have stronger replacement demand which will have better margins