APOLLOHOSP Weekly Chart Analysis: Bullish caseAPOLLOHOSP Weekly Chart Analysis: Bullish case
1. 9/21 EMA cross on weekly timeframe
2. Parabolic SAR showing Long signal.
3. MACD about to cross up.
4. Breakout from Bullish falling wedge pattern.
Appollohosp
APOLLOHOSP is forming triangle patternNSE:APOLLOHOSP Large cap Health care stock is forming triangle pattern with 4 months support line and 9 months resistance line with 4 rejections.
Previous support line was broken at 2022-04-29 and fallen 25%, hence this time enter only on strong breakout and follow strict SL.
Shorting can be attempted with triangle's support is broken strongly, and SL need to be followed strictly.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
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.
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