Hi guys this is Trader Kanishk
This is the analysis OF apollo hospital
Points discussed in the video:
Why to go long
has it taken support
new support levels
new stoploss levels
entry levels for sharp entry
and many more.
Watch the entire video and
GO for It
Every thing i have discussed in this video is only for...
Stock of Apollo hospital is in uprend . Now in uptrend stock always try to find the buy opportunity. Stock is taking the pull back before going to upwards. Buy above the level of 1704 for the next target price of 1760 with SL of 1680. RSI divergence is also good. so add the stock in your watch list to see the price action movement of the stock.
Always do trading...
APOLLOHOSP looks to be on the up trending support line. Risk reward ratio is in favor of the bulls. A close above 1705 will give confirmation to the view. So the stock can be bought if closes above 1705 for a target of 1825 with a stop below 1670
Hospitals should be the best industry in these COVID Times.
But Surprisingly Apollo was 1800 on Mar 1st and touched a low of 1080 and now it is 1650.
Third listed Hospital is entering the scene after Apollo, Fortiss and now its Max.
at the current price still it looks little rich, I would go long around 1625.
I hope you can now see how Apollohosp represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Apollo is strong on buying side and taking good support from the trend line. Look for the buying opportunity near the trend line of above the Orange trend line. 1st Target is 1st Blue line, 2nd target is 2nd blue line and 3rd target is long up to the channel above.
Note : All charts are educational purpose only. Please do your analysis before going into trade.