Apollohospital
Footsteps of APOLLO HOSPITALS and Rhythm.A parallel drawn support and resistance line. Remarkable point: this stock always been seen in a Rhythm . if Rhythm holds the same, then definitely Investors will take a step between 1038-1008. Final support is at 924 if breakdown 1000 below or closed.
The point to be marked: Whenever there is a change in normal / avg. volume , stock takes U-turn which is positive for long sider.
Suppose to investors take their step to enter in it, then normal target 1183 and 1249 nearby .
--> Before take an entry, you must look at the 30min chart. If possible I will update it shortly.
Apollo Hospital Rising wedge patternIt has formed a rising wedge.
Selling volume is increasing.
Also it is trading at all time high
and buying volume is decreasing according to
weekly chart.
so it should retrace a bit...
Levels mentioned...
Short Below 1683, SL1690,
target 1672/1665
long above 1695, SL 1686
target 1707/1712/1718
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Apollo Hospital: Breakout of strong Supply ZoneIt has two major Supply Zones: 1. 1490 2. 1530.
On 15th Jan it broke 1st major supply zone and tested 1530. On 16 Jan broke 2nd major supply zone and tested next major supply zone @ 1580-1595. Yesterday again broke major supply zone and closed above this zone.
Now if it will sustain above 1580-1595 then it may test next supply zone @ 1630-1640-1650.
Apollo Hospital Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 10 times.