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Apollohospital

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
NSE:APOLLOHOSPLong
by RK_Chaarts
16
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.
NSE:APOLLOHOSPLong
by RK_Chaarts
2
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.
NSE:APOLLOHOSPShort
by RK_Chaarts
APOLLO HOSPITAL: Symmetrical Triangle The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. Trend: In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout. Four (4) Points: We know that we need at least 2 points to form a trend line and to form a symmetrical triangle we need 2 trend lines . Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high should be lower than the first and the upper line should slope down. The second low should be higher than the first and the lower line should slope up. Ideally, 5 points are enough to form a symmetrical triangle (2 on the upside trendline and 3 on the downside trendline) Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout. Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant . Typically, the time duration is about 3 months. Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime. Breakout Confirmation: A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume , especially on upside breakouts. Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout. Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target. TRADING STRATEGY: BUY ON CMP 4779 SL: 4648 TGT:4900-4950
NSE:APOLLOHOSPLong
by TradingSutra