The 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...
Apollo 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!!
Simple example of how the market works when it comes to Support and Resistence
Here APOLLOHOSP did exact value and reversed from there
Coincidence?
No, it's well known process.
After breaking out from multiple resistance level with a good consolidation , Apollo looks good to test the highs once again .
Good for investment for few weeks.
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Cheers!
Hello 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...
Apollo Hospitals looking good to sell @ 4595 - 4600 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Chart -> 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.
NSE: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.
-Daily TF (Left) Triangle breakout failed RSI divergence (Bearish) High volume candle of sellers not letting price close above it, Lower High formation
-Hourly TF (Right) Double top Formation at breakout Pivot Support at 4312
Apollo 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...
Hello, 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
