APOLLO HOSPITALS Rounding Pattern•CMP: ₹6920| Stop Loss: ₹6700 Target:*7400
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
APOLLOHOSP trade ideas
Possible Swing trade setup in Apollo HospitalPossible Swing trade setup in Apollo Hospital:
Note: This analysis is for educational purposes only, consult a qualified financial advisor before taking a trader.
Apollo Hospitals - Elliott Wave Analysis Apollo Hospitals - Elliott Wave Analysis (4H Timeframe) 📉
🔍 Key Observations :
1️⃣ The Stock Has Completed a Wave 3 Top and Is Currently in a Corrective Wave 4
In Elliott Wave Theory, Wave 3 is usually the strongest and most extended impulse wave in a five-wave structure.
The chart indicates that Apollo Hospitals reached a peak, marking the end of Wave 3 (labeled as (3) in black).
Following the completion of Wave 3, a corrective Wave 4 is now in progress, as expected in a typical five-wave sequence (1-2-3-4-5).
Wave 4 corrections tend to be complex and can take various forms, such as zigzags, flats, or triangles.
2️⃣ The Corrective Structure Appears to Be Unfolding in an ABC Pattern
Within Wave 4, the correction seems to be forming a standard ABC corrective structure, where:
Wave A represents the initial downward move.
Wave B is a counter-trend rally (temporary bounce).
Wave C is expected to complete the correction with another downward move.
The chart suggests that Wave A and Wave B have already been formed, and Wave C is now developing, likely moving towards lower levels.
Wave B can sometimes exceed Wave A in some cases (irregular flat), but in this case, it looks like a regular zigzag correction.
3️⃣ Important Fibonacci Levels Suggest Potential Targets Around ₹6,500 and ₹4,925
Fibonacci retracement and extension levels help in identifying potential support and resistance zones.
If Wave C follows the standard structure, a move towards these levels could be expected before a potential Wave 5 rally begins.
🚨 Disclaimer: The content shared is for educational and informational purposes only and should not be considered financial advice, investment recommendations, or trading signals. I am not a SEBI-registered analyst or advisor. Always conduct your own research and analysis before making any financial decisions. Trading and investing involve significant risk, and past performance is not indicative of future results. I may be completely wrong in my analysis. Please consult a professional financial advisor before making any investment decisions.y investment decisions.
APOLLO HOSPITAL
Apollo Hospitals' stock is currently showing a neutral to slightly bearish trend. The stock closed at ₹6,105.65, reflecting a 0.84% increase on the last trading day. Analysts have noted that the stock has experienced a negative price breakout recently, trading below its second support level.
Key support levels for the stock are around ₹6,000–₹6,050, while resistance levels are near ₹6,200–₹6,250. If the stock breaks above ₹6,200, it could signal upward momentum, but a dip below ₹6,000 might lead to further selling pressure.
Apollo Hospitals Trading Opportunity. 3%Apollo Hospitals at Trend Line support zone
Good Risk: Reward
ApolloHospital Analysis & ProjectionAnalyzed using different approach and found that it is in uptrend. Expecting two target to be achieved in this February months
APOLLO HOSPITALS: SWING TRADE SETUP ALERT!**🚨 APOLLO HOSPITALS: SWING TRADE SETUP ALERT! 🚨**
**💹 Current Price Action:**
Apollo Hospitals is approaching a **key support zone** at **₹6,717**, setting up for a potential **BIG MOVE**. The battle between bulls and bears is heating up—will earnings decide the breakout?
### **📊 Key Levels to Watch:**
🔥 **Resistance Zone:** ₹7,381 – If the price crosses this, it could trigger a **bull rally**.
🔵 **Support Zone:** ₹6,717 to ₹6,679 – Bulls must defend this area to avoid further downside.
⚠️ **Critical Level:** ₹6,506 – Breaking below this signals a **bearish continuation**.
### **💡 Swing Trade Strategy:**
- **Bullish Play:** Enter above ₹6,717 with a target of ₹7,119 and ₹7,381.
- **Bearish Play:** Short below ₹6,679, aiming for ₹6,506.
---
**📅 Weekly Earnings in Focus:**
The upcoming **earnings report** (📉 purple icon on the chart) is the **wildcard**! Positive results can catapult prices back above the 44-day SMA (₹7,119), reigniting the **bullish momentum**. Weak earnings? Expect a test of ₹6,506.
### **🔥 Today’s Takeaway:**
Apollo Hospitals is at a **make-or-break point**. Whether you're bullish or bearish, this is the perfect swing trade opportunity. **Don't blink—this one’s about to move! 🚀**
Broadening Wedge Formation in Apollo Hospitals (NSE: APOLLOHOSP) Implications of the Pattern:
Market Psychology:
The expanding triangle reflects growing uncertainty and volatility, often seen during periods of fundamental shifts or major market news.
Breakout Potential:
The pattern typically resolves in the direction of the prevailing trend (upward in this case, given the stock's long-term ascending channel).
Current Scenario:
The stock is currently near the lower boundary of the triangle, aligning with the long-term ascending channel support. This creates a dual-support zone, increasing the probability of a bounce.
RSI in Oversold Zone:
Oversold conditions combined with a strong support zone suggest a likely reversal.
Trading Strategy
Entry Point:
Enter near the current support zone (above ₹6,750).
Ensure the stock holds above ₹6,600 to confirm the support remains intact.
Target Levels:
Target 1: ₹7,400 (mid-point of the expanding triangle and previous resistance).
Target 2: ₹7,777 (upper boundary of the channel and triangle).
Stop Loss:
Place a stop loss below ₹6,600 to protect against a breakdown.
Breakout Strategy:
If the stock breaks out of the upper boundary of the expanding triangle with high volume, it could accelerate toward ₹8,000+ levels.
Short Apollo HospitalSame Evening Star formation
at the same resistance level
High possibility of follow through as seen previously
Although Pharma and Healthcare are one of the strongest right now
ApolloHospital LongApollo Hospital is forming an Ascending Triangle Pattern and there is a good momentum getting developed for last few days with consolidation as well. So there could be 8-12% run in the coming days..
APOLLOHOSPITAL 240 MINS TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Apollo Hospitals Enterprises Ltd – Technical AnalysisCurrent Price: ₹6,891.95 (-1.35%)
Key Levels:
Resistance: ₹7,037
Support: ₹6,875 (immediate), ₹6,700–₹6,600 (critical)
Trend:
Price has broken the lower boundary of the upward channel.
Watch for a potential reversal around ₹6,700–₹6,600.
RSI: Neutral, trending lower.
Moving Averages :
Testing the 50-day MA.
200-day MA at ₹6,200 acts as strong support.
Volume: Decreasing, signaling less buying pressure.
Strategy:
Buy if reversal occurs at ₹6,700–₹6,600, targeting ₹7,037.
Stop-loss : Below ₹6,500 for risk management.
Note: A break below ₹6,600 may lead to further downside.
APOLLOW HOSPITALS S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
apollohosp bearish flag sell side selling formed in appollo hospital. expect target as 6750. let's see how it goes.
APOLLOHOSP BUY Apollo hospital - Uptrend
Trade Reason :
1- Weekly Support + Fib 0.382 level
2- Day double Bottom Neckline Breakout
3- Expect Small Retracement
Two Type Entry :
Aggressive Entry price - 6350 Rs
Conservative Entry Price - 6200 Rs
Target - 6774 Rs
Stoploss - 5700 Rs
Thank You ....
Apollo Bullish viewCompany has given good financials
Technically Flag pattern B.O
Technicals looking good for short to mid term
Green lines Targets
Red line Stop loss
APOLLO HOSPITALBased on OI insight analysis on stike. money platform. potential buy signal generated.
#APOLLOHOSP NSE DTF/WTF Flag Pattern BreakoutPOSITIONAL ONLY
#APOLLOHOSP NSE has formed a Flag and Pole Structure Continuing the Bulish Trend.
The Stock has recently bounced from the 50EMA DTF.
The Breakout and Retest is Done and Ready for Entry @6200 to 6300 with 25% Quantity, Add at Close above 6500, 6700, 7000.
Target 8400 and 9100
SL BELOW 6000.
Apollo hospital chart analysisApollo hospital chart analysis on weekly time frame. If it gives breakout then we can expect good move. Please share your valuable feedback.
Apollo Hospital-Swing Trade-Will this be the end of Downtrend? NSE:APOLLOHOSP
16.07.2024
Buy strictly above 6477
Target 6820
Stop Loss 6247
Risk Reward- 1:1.5
1. Inside bar breakout in day TF & Bullish engulf in weekly TF
2. Price has formed double bottom at key level & also rejected from 200 EMA
3. Later breakdown found by crossing lower low and found retracement.
4. Now price has crossed previous LL where we can consider strong resistance
5. 21 & 50 EMA Crossover found at retracement level
6. From the downtrend view price has just crossed 0.618 level.
Need the rejection from further upmove
7. Volumes are good but still need more to accumulate for upmove.
8. Pharma & Healthcare sector is in good shape
9. Rejection also found in FVG
Apollo Hospital downside target 6200 Apollo Hospital may see a big fall further, the stock presented its quarterly results on Wednesday, after which the stock slipped rapidly from upper levels to lower levels. The stock is forming a double top formation on the weekly chart, there are signs of further decline in the stock. On the downside, levels up to 6200 can also be seen in the stock.
