Hello, 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 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...
