APOLLOHOSP - Weekly - All time high breakoutThe 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 such stocks for greater risk-reward
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Apollohospital
Rectangle Breakout & Pull Back Pattern Seen in Apollo HospitalHello Guy's,
Guy's we have seen small rectangle pattern breakout and pullback pattern in APOLLO HOSPITAL. Now chances are high, we can see uptrend continuation from here. I have already explained earlier about this pattern, but again i will copy and paste from gail, so it will be easy to understand to those who newly joined with us.
Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts?
Rahul:-
A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels.
A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated.
The price will “test” the support and resistance levels several times before eventually breaking out.
From there, the price could trend in the direction of the breakout, whether it is to the upside or downside.
we can clearly see Above in APOLLO HOSPITAL chart that the pair was bounded by two key price levels which are parallel to one another.
So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride!
Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it.
So now let's focus about company background:-
Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned architect of modern healthcare in India. As the nation’s first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country.
Apollo Hospitals has emerged as Asia’s foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies,
Primary Care & Diagnostic Clinics and several Retail Health models.
Market Cap
₹ 80,392 Cr.
Current Price
₹ 5,591
High / Low
₹ 5,688 / 4,078
Stock P/E
115
Book Value
₹ 453
Dividend Yield
0.27 %
ROCE
14.5 %
ROE
13.7 %
Face Value
₹ 5.00
Industry PE
37.9
Debt
₹ 4,889 Cr.
EPS
₹ 48.5
Promoter holding
29.3 %
Intrinsic Value
₹ 933
Pledged percentage
16.1 %
EVEBITDA
38.0
Change in Prom Hold
0.01 %
Profit Var 5Yrs
67.1 %
Sales growth 5Years
15.0 %
Return over 5years
35.1 %
Debt to equity
0.75
Net profit
₹ 730 Cr.
ROE 5Yr
10.4 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Apollo Hospital 1 Hour Time Frame - 28th DECApollo 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!!
Bullish Flag BO in Shalby HospitalIntroduction: Shalby Limited (NSE: SHALBY) and Stock Exchange Information (BSE: 540797) is India’s leading multi-specialty hospital operating a chain of 11 tertiary hospitals with an aggregate bed capacity of over 2,000 hospital beds. It is one of the top hospitals in joint replacement surgery in India. Shalby is the number one player worldwide for knee replacement surgery and has a 4,000 plus in-house team of skilled doctors, surgeons and support staff.
A bullish flag & pole Chart Pattern Breakout on the Daily Time frame of NSE:SHALBY
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
All about Apollo Hospitals.Hey there I am back with another Stock analysis. This time we will discuss in short about Apollo Hospitals.
Here are some pointers about this stock.
Key pointers.
>>The stock, Apollo Hospitals, was in a consolidation phase within an ascending triangle pattern for about 20 months.
>>It recently broke out from this ascending triangle pattern.
>>After the breakout, the stock formed a parallel channel pattern followed by a HIdden trend line but then experienced a breakdown.
>>The stock has retraced back to the breakout area and is currently accumulating.
>>As visible from chart there is a long hidden trend line, where price has retested multiple times.
>>Factors such as sales and profit data might have influenced the stock's fall.
>>The current zone is being viewed as a potential accumulation area.
>>The RSI indicator suggests that the stock is not overbought at all.
Key takeaways.
>>Lot of people make mistake by taking entry just after trend line breakout but they forget to find a hidden trendline.
>>An engulfing pattern can indicate as a potential entry trigger if the market shows bullish movement.
>> we will place stop-loss right under the tringle pattern and put target till long trend line.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
Apollo Hospital Trending Up holding Major AveragesApollo Hospitals have been trending up holding 20 & 40 DMA now it has pulled back to 40 EMA at 5080 & previous swing low of 5000 should be major support for next leg up & wave structure is also bullish we are in Wave 3 Up.
Charts shared for Educational purpose.
Technical Symphony of Bullish Signals in Apollo Hospitals Hello Friends,
Technical Analysis Summary of Apollo Hospitals
In this technical analysis, we have examined the price action of Stock APOLLO HOSPITALS across multiple timeframes, focusing on the weekly, daily, and hourly charts. The analysis aimed to identify potential bullish signals and assess the ongoing trend to aid in decision-making for traders and investors.
Weekly Chart
On the weekly chart, we observed the completion of waves (1), (2), (3) & (4) and now possibly
we are unfolding wave (5) on weekly. Additionally, the Moving Average Convergence Divergence (MACD) remained positive and above the zero line, supporting the bullish sentiment. The Relative Strength Index (RSI) also indicated strength in the upward move.
Daily Chart
Switching to the daily timeframe, we had completed wave 1 and 2 inside the weekly wave (5) and now possibly we are unfolding wave 3 of (5), also we witnessed two range breakouts, both accompanied by good volumes, signaling a strong uptrend. The MACD displayed an uptick above zero line after a minor pullback, further validating the positive outlook. Additionally, the RSI reflected strong positive momentum, aligning with the bullish bias on higher timeframes.
Hourly Chart
On the hourly chart, the stock exhibited an ascending triangle pattern, and its breakout with significant volume further supported the bullish continuation. The RSI on the hourly chart remained in a robust positive territory, emphasizing the strength of the upward move, rsi level is too high and down tick, so it might give any dips that can used as an opportunities to go long.
Moving Averages
On all three timeframes like hourly, daily, and weekly charts, this stock traded above the 50-period Exponential Moving Average (EMA), 100-period EMA, and 200-period EMA. This alignment with the EMAs indicated a consistent and strong bullish trend across different time horizons.
Conclusion
Based on the analysis of multiple time frames and multiple technical indicators, including the Elliott waves, MACD, RSI, and Moving Averages, Stock APOLLO HOSPITALS demonstrated a compelling bullish outlook. One can go long now with small quantity and add some in dips (if any) with invalidation levels mentioned on chart as a red lines.
Technical Symphony of Bullish Signals in Apollo Hospitals looking potential upward continuation.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
some significant snapshots are shared below
Possible Weekly Elliott wave structure
Possible Elliott wave structure on daily chart
Range breakouts on daily time frame with good intensity of volumes
Price given ascending triangle's range breakout with good intensity of volumes on hourly chart
MACD positive on hourly chart
MACD uptick after down fall above zero line on Daily chart
MACD positive and above zero line on Weekly chart
RSI breakout and uptick above 60+ on weekly
RSI breakout and uptick above 60+ on daily
RSI strong positive on hourly
One possibility
Apollo Hospital Pro-gap Strategy from Breakout in DTFApollo Hospital has reacted from the pro gap with a bullish candle (engulfing pattern) and taking off from EMA 8 in DTF.
Entry to be taken at breakout of the Pro gap >= 4390
Stop Loss near = 4260
Target 1 = 4771 ( P/L 2.5:1)
With other targets as marked in the chart.
NSE:APOLLOHOSP
The investment is short term.
Apollo Hospitals possible Elliot wave countsHello Friends,
Here we had shared possible Elliott wave counts of Apollo Hospitals, in which price has given breakout along with good intensity of volumes in daily time frame, as per Elliott wave structure, chart says that either we are in impulse or in correction, in both scenarios we have to go towards north direction first then whatever may be, as per Elliott wave structure, if we are in impulse then we should have to unfold it as wave (1)-(2)-(3)-(4)-(5) in which we already had completed wave (1) and (2) and currently we are unfolding wave (3), and in other scenario, means if we are in correction phase, then we should have to unfold it as wave (A)-(B)-(C) in which we had completed wave (A) and (B), and currently we are unfolding wave (C), So whatever scenario it may be, at least we are first going towards (3) or (C).
In this study whatever major trend may be ahead, at least we can enjoy this little upward bull run as a wave (C) or wave (3)
Now in wave (C) or (3) we have completed wave 1 and 2 and currently we are unfolding wave 3, also in wave 3 we have completed wave (i) and (ii) and currently we are unfolding wave (iii).
Overall, we are in (iii) of 3 of (C) or (3).
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Some significant snapshots are shared below, please go throughout.
Thanks
RK💕
Price has given Breakout along with good intensity of volume and RK's Magical cloud suggests same bullish bias in daily
Price above daily upper band
Price above weekly upper band
MACD in daily positive
MACD in weekly positive along with breakout in histogram
RSI positive above 60+ in daily
DMI ADX positive in daily
DMI ADX positive in weekly
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Apollo Hospitals possible elliot wave countsHello 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 correction phase in which most probably seen that we are unfolding corrective waves in zigzag pattern, in which we can assume that we had finished wave A and B and now possibly we are unfolding wave C which should unfold in 5 subdivisions, in wave C we had completed one lower degree wave 1 and wave 2, Once low of wave 1 is taken by bears then it would confirm that wave 3 of C has started to unfold. Overall we can say we are assuming Bearish bias in this stock aligned with each and every parameters. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
All highlights shared below.
Thanks.
Corrective Wave structure
Break-down with Good intensity of Volumes on Daily time frame
Price getting rejection from RK's stopline and closed below RK's mass psychological cloud.
MACD in daily Negative cross over
MACD in weekly already running negative
MACD in monthly already running negative
Price challenging lower band on daily time frame
RSI down tick and below 40 on daily time frame
DMI ADX also supporting same bearish bias in daily time frame
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.