Hello 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...
Apollo Hospitals Enterprise Ltd - 24.06.2022
The stock is trading @ 3838 levels
There is a HEAD & SHOULDERS Candle Formation in Daily Chart
The prices are at EMA
Neckline @ 3838, Head @ 3362
There is a HAMMER in Daily Chart
One can initiate a BUY Position @ current levels, with Support @ 3751
Watch out for the price action
Apollo Hospital made a new all-time high and closed near that level. Buy Apollo Hospital if sustains above 5135 for the upper targets marked on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Apollo 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...
These are the trades one should never miss. Price formed a symmetric triangle pattern and it breaks up and met target in a month. Formed a Flag pattern and exactly retested the previous high levels and within one week time it breaks the All time high and closes above strongly.
2100+ is the target for this pattern and we hope for the best.
Note : Never enter...
