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
Apollohosp long breakout abv 1262 it can go to level Upside level- 1274 Downside safe level- 1250
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...
Very simple channel trade. Price moved out of the boundaries to exclude the weak traders hitting their stop loss and came back into channel. I would enter long by putting stop loss just below the low of today on closing basis. Even for a moderate target of 1360 risk to reward ratio would be ok.