Apollohospitalanalysis
APOLLO HOSPITAL BREAKING THE CHANNELThe stock is taking is following the channel for a pretty long time and on the verge of breaking this. If it sustains below today's low, may test marked levels on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Apollo Hospital FuturesApollo Hospitals Futures
LTP - 3272.80
Resistance - 3308.95
Support - 3046.80
Daily charts (long term)
100 DEMA, 50 DEMA, 20 DEMA, 10 DEMA, 5 DEMA are arranged in a bullish pattern.
Volume is in green with good momentum.
MACD is bullish.
RSI is bullish.
Hour charts (medium to long term)
Clear uptrend is seen.
DEMA are aligned in a bullish pattern but 5 DEMA is going sideways which means we might see a small correction.
MACD is in the bullish zone but is going sideways.
RSI has attempted a double bottom which is a strong bullish pattern.
Divergence has a bear sign but looks like it has failed so we will not consider it.
15m (Intraday)
5 DEMA is having a bullish crossover in the last candle.
MACD is in the bull zone with a sideways trend but the red candle are fading which is a good sign.
RSI has made a bullish reversal at 50 levels.
Overview: This script is trading very close to it's breakout level which is 3308.95 with a strong bullish chart.
Apollo: Covid or no Covid, BUY at Rs 1625Hospitals 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.
Apollo Hospital Found "Tweezer Top"Tweezer Top Identified
Sell On Any Rise To 3020-3050
Strict SL - 3182 (WCB Or DCB)
Target - 2650/2500
DCB means, if apollo hospital breaks and close above 3182 till wednesday than treat this sl as daily closing basis.
If apollo hospital breaks and close above 3182 on thursday, than wait for friday's closing.
Short Apollo Hospital Near 2700The stock is trading in the wedge for since long and we may see rejection again near the 2710 level. Sell when there is a price rejection on 15 mins time frame with the SL of 2735 if for the target of 2600.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
APPOLO HOSPITAL IS READY TO SHORT FLY SEE YOURSELF !!Hi Traders /Investors,
One of my followers , requested to put some light on the movement of this stock. So here is for you and most traders , investors who are the part of this stock or interested to trade and invest. See first what is going on in this stock for long term structure basically this is now making range lower side has already been made now it is finding its upper side. From where when it will give break then boom in next phase. Range means accumulation of long term move . It will take few months to complete this process . So for investors it is not right time to invest in this stock .Therefore, investor should wait . Now come to traders , I made red color channel In last trade it took support of lower end of support zone and crossed small upper zone It means it is ready to go up to white upper band of zone. But with condition since in last session made big candle which disturb risk reward ratio better wait price to come in small red zone then take buy position with the sl of big candle low. This would be good strategy. On breaching lower channel lower line is ok if price gets back to channel in next 30 mins if not then long should be covered. Lower red zone is taken out then trend will change to down. No long till price come in small zone. In any case next session price move up without coming to small zone then let it go no long please. Many followers are writings how inspite of given conditions , they get trapped into emotional trades . I appreciate their sharing because other co-traders will learn from their mistakes. That how trading can be adopted.
YOGESH VATS
Note. All trading and investing should be done with the consultation of your financial planner. Not on my sharing . I can be wrong.