NSE:APOLLOHOSP
Bullish on Apollo hospitals
1. Trend line breakout
2. W pattern formation and breakout.( closing price above the resistance line)
3. RSI above 60 and crossing 14day moving average
4. CMP above 20, 50, 100, 200 EMA
5. High Volume
Triangular pattern formation,
Stock is near a good support line.
Daily and weekly RSI above 50
Above 200EMA, and near 50and 100 EMA's
Expecting a breakout in IOB.
Sl below 19.4 on weekly closing basis
Target 1 - 23.35
Target 2 - 25.9
Target 3 - 28.35
CMP 149 is on a support and also near by trend line support
bullish Rsi divergence is present
Macd crossover is there
signal candle is not present.
T1=160
T2=174
T3=200
Stop loss= 142
