Apollo Hospitals Short Setup on Flag Pattern
I hope everything explained in chart itself, if anything specific or more info drop a line or you can ask :)
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...
Let's see if it's going to complete the formation
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
Breaking out from previous support signals a sell for now to target 1320