Apollohospitalslong
APOLLO HOSPITAL SWING TRADEHello, apollo hospital mid term swing trade consider buy above: 3940, target: 4,730, stoploss: 3,640.
LOGIC BEHIND TRADE: Stock has formed w pattern 1d chart & given breakout of swing high resistance, breakout buying strategy (target identified from harmonic xabcd pattern level 0.886) stoploss is taken previous swing low. Risky wisky trade. NSE:APOLLOHOSP
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.