APOLLOHOSP_Hormonic Reversal_Short sellingHarmonic 4-Point Pattern
pattern has formed in the daily timeframe for apollo hospital and its reverse zone where between ( 7276 & 7391 ), we are expecting reversal start form this zones.
RSI
Day rsi had crossed 70+ which indicates the stock is in the overbought area.
Conclusion
It's nearly to harmonic reversal zone & Rsi also is over bought, so we are excepting 3-5℅ sell target, Plan accordingly to your trading plan setup coz nifty is getting HH formation
trend is up side (All time High).
Education Purpose only.
Regards
Sathish
APOLLOHOSP
Apollo hospitals positional trading ideasIt is forming a falling wedge pattern. inside the falling wedge, there is a double bottom pattern you can see.
Stock is in a up trend.
it also retesting the weekly breakout level.
If it breaks the wedge pattern upside. it may go higher.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets. Do your own analysis or consult your financial advisor before making any investment decision.
APOLLOHOSP - Weekly - All time high breakoutThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
This is a Life time high breakout setup. Usually strong stocks shows strength even during market correction. And becomes the winner of upcoming rally. A stock giving all time high breakout comes under that category. One can plan to invest or trade in such stocks for greater risk-reward
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Apollo Hospital 1 Hour Time Frame - 28th DECApollo hospital has been bullish in past 3 days after it formed a positive reversal in the Daily-Time-Frame and took support at 5275 close to the 50 SMA.
Today im observing a positive reversal once again in the 1Hr Time Frame.
My Entry in Apollo Hospital would be at 5688, with a stop loss at 5653 and a target at 5759.
Happy Trading!!
Apollo Hospitals possible elliot wave countsHello Friends,
Here we had analyzed the chart of the stock Apollo Hospitals which is convincing bearish bias aligned with price action breaking down trendline along with good intensity of volumes on daily time frame, supporting same view by trend indicators like macd, rsi, bollinger bands, dmi adx and Elliot waves. As per Elliot wave structure it is clearly in correction phase in which most probably seen that we are unfolding corrective waves in zigzag pattern, in which we can assume that we had finished wave A and B and now possibly we are unfolding wave C which should unfold in 5 subdivisions, in wave C we had completed one lower degree wave 1 and wave 2, Once low of wave 1 is taken by bears then it would confirm that wave 3 of C has started to unfold. Overall we can say we are assuming Bearish bias in this stock aligned with each and every parameters. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
All highlights shared below.
Thanks.
Corrective Wave structure
Break-down with Good intensity of Volumes on Daily time frame
Price getting rejection from RK's stopline and closed below RK's mass psychological cloud.
MACD in daily Negative cross over
MACD in weekly already running negative
MACD in monthly already running negative
Price challenging lower band on daily time frame
RSI down tick and below 40 on daily time frame
DMI ADX also supporting same bearish bias in daily time frame
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Weekend pick: Apollo HospitalsChart -> Apollo Hospital Weekly
An inverse head and shoulder breakout in Apollo Hospital.
CMP: 4789
Targets: 5200, 5850
Good range: Around 4600
SL: 4400 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Apollo HospitalNSE:APOLLOHOSP Technical Analysis - Price action + Elliot Wave
1.Apollo Hospital is forming Ascending pattern in daily time frame
2.This stock is also following Elliot 5 wave theory.
I have mentioned the levels and stops as per my knowledge. Trade according to your risk and caution. This is not a call, this is only for educational purposes.
ApolloHospApollo hospital has given good Breakout on daily chart at 3945
the previous trend from 26th may to 31st may has build good bullish position into the counter. Today's move may be considered as follow up move to that move.
There is no resistance on daily chart until 4400
earlier the fall of 22th Apr to 13th May has not given the follow through move so bears are trapped there.
APOLLO HOSPITAL SWING TRADEHello, apollo hospital mid term swing trade consider buy above: 3940, target: 4,730, stoploss: 3,640.
LOGIC BEHIND TRADE: Stock has formed w pattern 1d chart & given breakout of swing high resistance, breakout buying strategy (target identified from harmonic xabcd pattern level 0.886) stoploss is taken previous swing low. Risky wisky trade. NSE:APOLLOHOSP
APOLLO HOSPITALS (WEEKLY STAGE ANALYSIS) After a prolonged stage 1 we see that the stock gave a rectangular box breakout and then formed a downward sloping channel post which we saw the stage 2 monstrous move.
Now as they say "GOOD TIMES COME TO AN END" same is with the stock entering into stage 3 and stage 4..!!! The chart analysis is based on STAN WIENSTIEN's book. and is done on a weekly timeframe.
Regards.
SM7
Apollo Hospitals Enterprise Ltd - 24.06.2022Apollo Hospitals Enterprise Ltd - 24.06.2022
The stock is trading @ 3838 levels
There is a HEAD & SHOULDERS Candle Formation in Daily Chart
The prices are at EMA
Neckline @ 3838, Head @ 3362
There is a HAMMER in Daily Chart
One can initiate a BUY Position @ current levels, with Support @ 3751
Watch out for the price action