Healthcare Global Breaks its resistance finallyHCG has broken out of a very frustrating resistance. Keep a tight stop loss at 300 and go long in this one. Hospitals are also currently the flavor of the market so ride the momentum.
Hospital
Apollo hospital looking for a triangular pattern breakout. Apollo hospital looking for a pattern breakout. The higher high formation and main support fakeouts found in 1 hour time frame so we can go long from hear. with small SL
Apollo Hospitals Currently trading at 20% discount from all time High levels.
Apollo Hospitals (TF=W)
1. Rising Trendline
2. Taking Support at 50 DEMA
Apollo Hospitals (TF=D)
1. Constantly making support at Rising Trendline
2. Consolidation and Accumulation going on at 200 DEMA and Rising Trendline.
3. Less volumes during Accumulation Phase
4. Has given the Breakout with good volumes
5. Also, Upper band of Bollinger band has been challenged (candle of 28 Feb 22)
6. Can be added after retesting for the first target of 5070 and further more.
Fortis Target 300 - 350With the Strong Quarterly Results Reported by Fortis on 12 Nov 2021. Fortis will be Trending and once it breaks out 273 levels the Stock may face resistance at 281 levels then at 300-304 levels where there might be some Profit Booking. If the Stock Close Above 304 and sustains for more than a week then the Stock may see further upside till 350 - 360 levels. Resistance at 330 levels.
Demand and Supply Zones drawn on the Chart.
Stop Loss Can be below 224rs.
NH Bullish bias Target 380Bullish Bias
Breakout above pivot levels and retesting
can be bought at CMP levels
Stop Loss of 315
Target of 380 Levels
(Intraday) Sell Apollo Hospital
1. Price Movement Stuck in Descending Triangle Pattern.
2. On Drawing AB=CD Pattern Recent Low and High. Recently, Price Retrace to 0.618 Level(AC=0.610).
3. Lets Find the reversal point. Assume BD=1.27 D Point Formed = 1253
4. Sell Below: 1300 Target: 1290, 1282, 1275 , 1253 Stop Loss:1308
Apollo Hospital1) Made higher high and lower low
2) Results were better and split of business
3) broke downward trendline
4) RSI range shift and divergence
Bullish Bat pattern emerging 100 points recovery in few weeks A bullish bat pattern has emerged and stock moved up 2% with good volumes. If Nifty holds the fort we may see 1270 to 1300 levels in few weeks
