Apollohospital
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
***************************
*
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.
Symmetrical Triangle & NR formation indicating weaknessAPOLLO HOSPITALS: Prices are ranging between a symmetrical triangle pattern, this leg up missed the upper boundary of the pattern indicating weakness probably. Symmetrical patterns are neutral patterns, let’s have cues from the indicators. The RSI is into neutral zone has formed a NR, MACD is just at neutral zone. The prices have faced resistance at important levels forming a bearish candle pattern on the chart. Any push below 1440 will be sign of further weakness and the stock may start to descend down. A close above 1490 is required for the bulls to get control.