Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Potential AB=CD In Channel.
Crossed Above 200 EMA.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
APOLLOHOSP is constantly forming Shooting Star's at major resistance , look for shorting opportunities.
Entry : 1265 - 1270 Range
Stoploss : 1296 (Closing Basis)
Basic Target: 1233
Optional ways : Derivatives are best case as expiry is just 7days away.
if you have any queries regarding above idea or any other stock feel free to D'M
APOLLOHOSP has given weak breakout of Channel Drawn(By Menka), May result in False Breakout!
Entry : After Closing Below last candle ,look for shorting from Given Red Zone Near.1250
Stoploss : 1285 (Closing Basis)
Basic Target: 1200 Then Trail till lower white Trend line
A Good read for all : why-teamwork?
if you have any queries regarding above idea or...