APOLLO HOSPITALS short setup: Hunt with tRexShort APOLLOHOSP below 1049
T1: 1035
T2: 1015
T3: 975
SL: 1077
Apollohospital
Apollohosp Short
Strong Resistance 1277
Wave 3 about to begin and upper bound capped
Trading inside channel.
Apollo Hospital - Bullish Harmonic PatternIt is been observed that the price action is forming a harmonic bullish pattern on the daily chart indicating a bullish reversal in price action.
Target: 1200
Stoploss: 1140
Apollo Hospitals - Trend Continuation Apollo Hospitals
CMP - 1232.05
SL and Target marked on the chart.
Reason -
It's in downtrend,
and trend continuation is what I follow as it provides a good R.R.R. ( in this case 1:4 )
Here, prices have trended down, consolidated, can be expected to move down more.
Apollo Hospitals set to go upward directionApollo Hospitals Ltd trading in consolidation period and it closed on long term support in last week end, there may be good opportunity to long on this stock at CMP, for a target of 1330.00 in coming week, and if it breaks the triangle pattern then it may approach the target of 1443.00 in near term. traders may wait at 1330.00 to see if there is breakout occurs then hold the stock for next target alternatively exit when hitting the triangle resistance.
