Hello Traders,
We have spotted a potential Bullish Cypher Pattern on Apollo Hospital daily chart. If pattern completes, we will have a swing trade set-up. This potential trade will have a risk/reward ratio of 1:1 for target-1 and 1:1.6 for target-2.
Happy Trading!!!
Apollo hospital , on daily charts indicate a falling TL breakout.Buying interest is also increased.likely targets are 1350 and further targets 1390, with stops at 1295.
APOLLOHOSP is in a good level after the retracement of up trend
Enter only after the break of 1244.75 (todays opening high)
Entry @ 1245
Stoploss @ 1225
Target @ 1305
Apollo Hospitals
CMP - 1232.05
SL and Target marked on the chart.
Reason -
It's in downtrend,
and trend continuation is what I follow as it provides a good R.R.R. ( in this case 1:4 )
Here, prices have trended down, consolidated, can be expected to move down more.
Beautiful inverse Head & Shoulder pattern has formed and given breakout. My Trading mates can take advantage of it. The pattern is so clear that it does not need any clarification, however in case of any question/query please feel free to ask, I would try to reply at my earliest.
Those who would trade it are requested to mention it in comments with their...
I am expecting the price to go further down if MACAD cross over takes place at MACAD zero level.
RSI is also below 50 which suggests downward movement.
On weekly charts; Apollo Hospitals has traded within the pitchfork and has found support and resistance at multiple points, as depicted with the arrows. Crucial levels for this week is between 1150-1160 levels. target would be the top end of the pitchfork @ 1267/1300 levels.
Apollo Hospitals Ltd trading in consolidation period and it closed on long term support in last week end, there may be good opportunity to long on this stock at CMP, for a target of 1330.00 in coming week, and if it breaks the triangle pattern then it may approach the target of 1443.00 in near term. traders may wait at 1330.00 to see if there is breakout occurs...
Apollo Hospital giving us a good risk to reward for a possible targets of Wolfe Wave.
Have taken the targets as Fib Retracement Levels of a AB Move.
Target 1- 1430
Target 2- 1470
SL( On closing basis) 1248
APOLLO hospital showing some buying pressure near a Cruicial resistance but the bar closing weak so its good above 1363 or good close above 1355. since its sliding down one can long near down channel too with a small SL
CMP 1355
Long above 1358/1363
SL 1345
Tgt 1382/1412
As per daily chart, the price action is breaking out from the cruical support of 1325, it shall now reach to the next support levels of 1300. It is also been observed that it is forming a head and shoulder pattern indication further bearishness in the price action. It is good to short at current levels taking stoploss at 1330 and target 1300
