Pls see the chart. Double top formation going on in 1 hr chart based on double top 1060 is support level. Based on triangle, support line mentioned in chart. Choose which one is prefer to you. Both breakdown gives the same target. Vijayaraghavan, Kovilpatti.
Apollohospital is near medium term support. If bounce and sustain may move upto 1160 and then to 1200. If it cannot hold then may fall down till 1000-990 levels.
The stock has formed a beautiful flag pole and it seems to giving breakout today after 3 days of consolidation with low volume. One can buy the stock for good returns for a target of 1250 by providing the stop loss of 1148.
It has been observed that the price action bottoming out as it formed an exhaustion candle stick at support zone, indicatng sellers exhaustion and now it breaks above the downward trend line indicating buyers comeback and it shall further rally from here on if it manages to close above 1000 levels. T1- 1050 SL-990
Short APOLLOHOSP below 1049 T1: 1035 T2: 1015 T3: 975 SL: 1077
Ascending channel Sell setup on ApolloTyres
Apollo Hospitals Short Setup on Flag Pattern
Strong Resistance 1277 Wave 3 about to begin and upper bound capped Trading inside channel.
Apollo Hospitals is at crucial support level and looking for reversal?
It 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 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 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...