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APOLLO HOSPITALS ENTER. LAPOLLO HOSPITALS ENTER. LAPOLLO HOSPITALS ENTER. L

APOLLO HOSPITALS ENTER. L

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APOLLOHOSP trade ideas

APOLLO HOSPITAL: Symmetrical Triangle 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 established trend (at least a few months old) should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout. Four (4) Points: We know that we need at least 2 points to form a trend line and to form a symmetrical triangle we need 2 trend lines . Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high should be lower than the first and the upper line should slope down. The second low should be higher than the first and the lower line should slope up. Ideally, 5 points are enough to form a symmetrical triangle (2 on the upside trendline and 3 on the downside trendline) Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout. Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant . Typically, the time duration is about 3 months. Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime. Breakout Confirmation: A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume , especially on upside breakouts. Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout. Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target. TRADING STRATEGY: BUY ON CMP 4779 SL: 4648 TGT:4900-4950
NSE:APOLLOHOSPLong
by TradingSutra
Apollo Hospital : +33% Upside PotentialApollo Hospital is trading in the 700 points range for the past 3 months, now the price has further narrowed down to 300 points range, Last 2 days stock has shown above-average volume and heading towards previous strong resistance TRENDLINE from which we have witnessed multiple rejections in price. Summary : - 3 Months price consolidation - Price range getting narrowed - Healthy Bullish Candles - Inv Head&Shoulder Pattern - VP not supporting the bullish move(POC around 4600), NEED TO CLEAR FOR THE MENTIONED TARGET BELOW Conclusion : Any BO above 4650 Could take stock towards 5087-5597-5965-6193 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:APOLLOHOSPLong
by DhirajSinghBais
1
Apollo Hospital Cmp 4419 dated 21-11-2022 Reversed from SupportApollo Hospital Cmp 4419 dated 21-11-2022 1. Several times Reversed from Support Line Buy @ CMP for target 4445-4510-4610 SL 4330 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:APOLLOHOSPLong
by SHEETAL_UDESHI
7
Support Trendline with Higher Low Formation Apollo hospital is taking multiple rejection from {4600-4670} and became a crucial supply zone. There is a trendline where price took support multiple time and Now the price is at the support line. There is also a Ascending triangular pattern with 3 nodes. One should enter at this level with small SL. If price closes below the trendline , close the trade without any second thought. Lets talk about numbers- 1. entry- 4340-4360 2. SL-4235-4260 { 2.5%} 3.Target 1st-4630-4650{supply zone} , Target 2nd-4940-4960 Learn with me @
NSE:APOLLOHOSPLong
by mahhisingh
Apollo Hospital Cmp 4291 dated 17-10-2022 DOJI Candle @ support Apollo Hospital Cmp 4291 dated 17-10-2022 1. Doji Candle on Support Trendline Buy above 4301 for target 4350-4425-4485-4515 SL 4220 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:APOLLOHOSPLong
by SHEETAL_UDESHI
2
Apollo - potential breakoutprice forming rounded bottom in 1 hr timeframe. took a neat support at monthly L3 and monthly CPR is acting as resistance weekly higher cpr relation - indicating bullish sentiment developing inside camarilla relation - indicating a potential range expansion in the upcoming month developing inside money zone relation - indicating a potential range expansion in the upcoming month Expect price to stay within weekly and monthly cpr forming a handle for the cup. price confirmation awaiting for breakout.
NSE:APOLLOHOSPLong
by lets_learn_trading