Positional Trade - APOLLOHOSPITALConsidering the pattern formed on chart, it can be a good positional trade far the target 1400-1420 considering stoploss at 1270.
Apollohospital
Apollo Hospital ~ Classic Case of Wyckoof DistributionCant get better example for Wyckoof Market cycle Text book distribution pattern. You can clearly see throw-over(breakout) to 1800 happened in low volumes. Now current pullback for RETEST is done.
Staying below 1505 will result in break below 950 and much below.
APOLLO HOSPITALS - NEAR MAJOR RESISTANCE - WATCH FOR BREAKOUT- Apollo Hospitals is in major RESISTANCE zone.
- The Black linear line represents the zone.
- Follow the below information in order to confirm if there will be a breakout or pullback?
Ans: Those Yellow color vertical lines are called the 'CYCLICAL LINES' and are drawn whenever a candle is formed will represent the trend reversal.
If you observe, post these candles are formed, from the next day you could see either breakout or breakdown. The next Cyclical Line is due to form on 17th April 2020. Basis which the decision could arrive.
APOLLOHOSP (Apollo Hospitals Enterprise Limited) BUY ABOVE 1485APOLLOHOSP (Apollo Hospitals Enterprise Limited) BUY ABOVE 1485
apollohospitaldownside as shown in charts it giving us in advance.
trade below 1355 with sl of 1382 for 1295
Apollo Hospital will cross 1300?Apollo hospital has shown good momentum from 1245. Expecting good upside movement this Expiry. If Price breaks and Close above 1300 then positional targets 1360-1400 possible in upcoming 15-20 days. Intraday and positional levels are given. (While trading intraday move stoploss to cost as soon as you are in profit.)
Apollo Hospitals - Long IdeaHello all,
Please consider checking that idea for Apollo hospitals. I can see a Hidden Bullish Divergence in a daytime frame also sitting on their support. I can see a sharp bull trend is coming in a couple of weeks.
What is a Hidden Bullish Divergence?
A)
When value makes a higher low (HL), look and check whether the oscillator does likewise.
In the event that it doesn't and makes a lower low (LL), we are very brave disparity in our grasp.
