Apollo Hospital Breakout and Retest in weekly chart.. Buy Apollo Hospital At the Money Ce buy on dips upto 4120.. Target will be double in a 2 or 3 weeks for option CE. Expect upmove 10% for a script.. Nifty Gapdown expected on Monday.. Buy on dips recommended for Apollo Hospital
educational purpose only!
15 min chart of apollo futures
support: 4490 / 4400
resistance: 4600 / 4725
macd and rsi look positive. can expect greens tomorrow.
also, we may see a longer bull run if the supertrend turns green.
5200 is a good support zone on the basis of demand & supply and option chain data . on 5200 strike price a significant put writing & put call ratio is very high so its high probability that apollohospital make bottom in this zone.
#apollohospital post pandemic breakout trending steady with good momentum and volume.
on channel top right now and median retracement or 23FIB could give opportunity for entry.
watch out adx bent and divergence confirmation levels for interim correction signals.
Apollo Hospitals Futures
LTP - 3272.80
Resistance - 3308.95
Support - 3046.80
Daily charts (long term)
100 DEMA, 50 DEMA, 20 DEMA, 10 DEMA, 5 DEMA are arranged in a bullish pattern.
Volume is in green with good momentum.
MACD is bullish.
RSI is bullish.
Hour charts (medium to long term)
Clear uptrend is seen.
DEMA are aligned in a bullish pattern but 5 DEMA is...
Apollo Hospitals seems to have completed a W-X- Y correction, there are other ways to label the correction but that leads to the same conclusion - indicating a resumption of the uptrend. Look to enter on strength above 3040 levels expecting new highs