apollohosp bearish flag sell side selling formed in appollo hospital. expect target as 6750. let's see how it goes.
APOLLOHOSP
Apollo Hospitals (ticker: APOLLOH) ForecastThe chart provided is a weekly candlestick chart for Apollo Hospitals (ticker: APOLLOH) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Weekly
- Data Range: From around early 2022 to mid-2024
Price Analysis:
- Current Price: ₹5,914.35
- Price Movement: The stock price has experienced significant volatility over the depicted period.
- The price fell sharply from around ₹6,000 in early 2022 to below ₹4,000.
- It then gradually recovered, forming a steady upward trend reaching a high of around ₹7,000 in early 2024.
- Recently, the price has declined from the peak and is showing some consolidation around the ₹5,914 level.
Technical Patterns:
- Support and Resistance:
- Support: The area around ₹5,750 to ₹5,850 has acted as a support zone recently.
- Resistance: The price faced resistance around ₹6,000, as indicated by multiple touches and rejections at this level.
- Descending Triangle: A descending triangle pattern is visible from the recent high near ₹7,000. The price is consolidating within this triangle, characterized by lower highs and a relatively horizontal support line around ₹5,750-₹5,850.
Potential Future Movements:
- Bullish Scenario: If the price breaks above the descending triangle and crosses the resistance at ₹6,000, it could indicate a potential upward movement, possibly retesting previous highs around ₹7,000.
- Bearish Scenario: If the price breaks below the support zone of ₹5,750, it might lead to a further decline, with the next major support level potentially around ₹5,250 to ₹5,000.
Conclusion:
The chart shows that Apollo Hospitals' stock has been consolidating in a descending triangle pattern after a strong uptrend. Traders should watch for a breakout above the resistance at ₹6,000 for a bullish signal or a breakdown below the support at ₹5,750 for a bearish signal. The stock is currently at a critical juncture, and its next move will likely be significant in determining its short to mid-term trend.
Apollo Hospitals Getting Ready for TakeoffApollo Hospital's daily timeframe reveals the formation of a falling wedge pattern, characterized by a narrowing price range with lower highs and lower lows. This pattern often signifies a potential bullish reversal. Traders may consider monitoring for a breakout above the upper trendline as a signal to enter long positions, with careful risk management strategies in place to navigate potential volatility.
APOLLOH - Stock Analysis**Technical Analysis:**
Apollo Hospitals Enterprises Ltd displays several robust technical signals indicating a bullish trend. The HighLow indicator suggests a "Strong Bullish" sentiment, with the stock hovering near a one-year high and the potential for a new high. The OneDay signal is "Strong Bullish," with the latest tick showing a strong price rise supported by substantial trading volume. The PSAR indicator is "Bullish" with a bullish crossover. The KeltnerBand, MACD, DonchianBand, HighLowBand, MAChannelBand, and Supertrend all show "Strong Bullish" signals, indicating positive breakouts and strong trends.
Notably, the MACD exhibits a "Strong Bullish" signal with a bullish crossover between the MACD and signal line. However, it is worth noting that the MACD has been showing frequent crossovers, suggesting potential fluctuations in the trend.
**Candlestick / Heikin Ashi Patterns:**
The daily candlestick patterns are "Strong Bullish." A bullish gap-up pattern formed at a high level, indicating strong momentum, supported by good trading volume. Additionally, a bullish Heikin Ashi pattern has formed on the daily chart, further reinforcing the bullish sentiment. On the weekly chart, a "Neutral" spinning top continuation Heikin Ashi pattern has been observed.
**Fundamental Metrics:**
Fundamentally, Apollo Hospitals Enterprises Ltd presents strong metrics. The book value has been trending upward over the past three years, reflecting improved financial strength. The company has achieved a commendable Return on Equity (ROE) of 11.13%, highlighting the efficient use of shareholders' equity. In addition, there is a positive short-term trend in total sales and net profit, with annual sales showing consistent growth for three consecutive years. Quarterly sales have been trending upward over the past five years, and there has been a steady increase in total assets over the last three years.
In light of the analysis, the recommendation for potential investors is to "Go Long" on Apollo Hospitals Enterprises Ltd when the stock price rises above 5165.50, with a suggested stop loss set at 4678. It is crucial to exercise caution and consider other market conditions and individual financial goals before making any investment decisions.
APOLLOHOSP--Near to its trendline ??the stock is continuously trending upwards....
now it is near to its trendline...
taking the support from the trendline multiple times.....
facing resistance from the zone @5280-5230. if this breaks and retest will go for buy side...
if trendline breaks and retest will be on short side...
keep track this stock.
APOLLOHOSP AnalysisObservations::
the stock is in the resistance zone..@5200
we have a demand zone at 4900 -5000 range, if Demand zone failed to take the price above 5300 levels,
price will come down to 4700 range and 4500 range.
be on buyside from 4500 range.
APOLLOOSP--@Resistance ZoneObservations::
price is exactly closed in the resistance zone....where price falls more from this zone previously.
previous resistance@4690 zone broken strongly... without any retracement towards
resistance@4960 ,
if the previous resistance zone acts as support, price reach the strong resistance @5200 level.
keep on bullish until price breaks 4500 level.
price will give pullback to 4690 level, keep track this levels.
#LALPATHLAB #MOREPENLAB #IPCALAB #DIVISLAB #VIMTALAB #LAURUSLABS#LALPATHLAB
NSE: LALPATHLAB
CMP: 2345
TP: 3075
SL: 2100
TF: <6m
RR > ~3 times
Return > 30%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS ZYDUSWELL MAXHEALTH BAJAJHCARE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
#APOLLOHOSP Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
Apollo Hospitals Idea for 24 August, 2022 - TradesetupApollo hospital is at a good support level, it can continue till 4200 levels, where it might halt for some time.
This has a good risk to reward ratio(1:2).
We can enter a trade with 10 Rs. stop loss once it goes above 4075
APOLLOHOSP : Triangle pattern APOLLOHOSP After positive bias its trading in triangle pattern.
Wait tomorrow for triangle pattern breakout with candle stick pattern support
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Apollo Hospital - Long OpportunityI was looking at Apollo Hospital (APOLLOHOSP) on 1h chart and as per the ProTrader set up price has started making up move and my expectation is it will aim for the marked levels.
For the curious types, the levels are from Fibonacci Sequence and plotted automatically by ProTrader Script.
Let's see how it works out.
I am always interested to discuss markets and specific stocks.
Apollohsp For Short opportunity Apollohosp seems back to touch weekly Support level
Day level for Trading marked
All levels are education Purpose only
#INSIDE INTRADAY TRADE# We make only Profit
# Achieve All level
#tcs #BANKNIFTY #NIFTY #HDFCBANK #RELIANCE
Supply and Demand Zone Stock Analysis: Apollohosp taken support from current demand level, it is good buy once close above the supply zone or below demand level with bottom of demand zone as stop loss for the target given on the chart. let's see
Happy Investing!
Buy Apollo hospital target 🎯 5500Buy Apollo hospital target 🎯 5500 because it has break it's major breakout thatwhy it can give rally upto 10% .
SEND APOLLO HOSPITALS BACK TO ₹2600Price Rising Up, Volume Declining = Bearish Divergence on LTF
The dump will be quick and good to make money on the SHORT!
NSE:APOLLOHOSP
APOLLO HOSPITALSLooking Bullish
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Apollo hospital All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
APOLLOHOSP ready for Breakout.APOLLOHOSP ready for Breakout, but direction is only need to know after the breakout.
Short Targets Levels are: 3025 then 2916 then 2809.
Long Targets Levels are : 3236 then 3249 then 3364.
Lets enjoy the trending days on the way.
Apollo Tyre, Daily ChartNSE:APOLLOTYRE Appollo tyre, daily chart.
given good break-out with good intensity of volume.
should buy above 195 only, with sl of 188.
for target 203, 211 and 222.
Desclaimer
These are just my views for education purpose only.
I am not any type of Advisor or tips provider.
Consult your Financial Advisor before investing or trading.
Apollo Hospitals @2110 - Target 2400 and stop loss of Rs. 22Apollo Hospitals has approached it's multi year trend line negating covid turbulence from April to July.
Historically, for Apollo Hospitals RSI has been a critical indicator suggesting whether to expect the trend line to be a Support or resistance.
After the quarterly result blues are over, RSI indicates that stock is ready to approach and cross the multi year trend line if it holds above 2110 on closing basis.
Very small stop loss can fetch 300 Rs upside in quick time. Good candidate for call buying also given recent down trend call pricing would be cheap.
