The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
Trend: In order to qualify as a continuation pattern, an...
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 Hospitals Enterprise Ltd - 17.06.2022
The stock is trading @ 3701 levels
There is a STRONG SUPPORT ZONE @ 3555 levels
There is a HAMMER in Daily Chart
The prices are below EMA
The Fib Levels are 3626, 3697, 3768
One can initiate a BUY @ current levels with SUPPORT @ 3626
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.
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Happy Trading!
InvestPro India Team
