The scrip is moving in a bearish channel, we could get see opportunity around 2185 levels, for further target of 2090, the rejection around 2185 will give confirmation for the move, once sustains above 2190 the trade will become invalid.
Regards
#ApolloHospitals - 2 possibilities see here...
either it will break current triangle and then fall from Orange Trendline as fake out and pull back for trendline...
or it may continue breakout move and go higher.. need to watch around Orange line decision point...
Short below 2242 and Fresh Buy only above 2280
ALL THE BLUE LINES WERE PREVIOUS MARKED RSS AND SUPPORT
STOCK MOVEMENT WAS WEAK FOR the FIRST HOUR, SO TAKE SELL CALL
CONTINOUS DOWN MOVE MADE NO CHANCE TO ENTER PERFECTLY
THEN IT CONSOLIDATED FOR A WHILE, TOOK FIBO RSS AND BOOK BROKE FIBO AND SUPPORT
AND THAT IS WHEN I SHORT SOLD FOR EASY RETURN TILL NEXT SUPPORT
These are the trades one should never miss. Price formed a symmetric triangle pattern and it breaks up and met target in a month. Formed a Flag pattern and exactly retested the previous high levels and within one week time it breaks the All time high and closes above strongly.
2100+ is the target for this pattern and we hope for the best.
Note : Never enter...
Apollo short entry can be taken after the BD of TL As well as Weekly Support below the level of 1550 TGT 1500-1475 SL 1595. This will provide us double confirmation.
Always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance...
