APOLLOHOSP trade ideas
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 ACTIVE EXACT PRZDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
APOLLOHOSP (Apollo Hospitals Enterprise Limited) BUY ABOVE 1485APOLLOHOSP (Apollo Hospitals Enterprise Limited) BUY ABOVE 1485
Apollo Hospital - Buy Short TermHi
Apollo Hospital seems a good buy above 1455.50, with SL of 1422 and target of 1520.
MACD is almost on the verge of cross over.
RSI is above 50
Risk reward is around 1:2.
Hence seems a very good buy above the said level.
APOLLO HOSPITAL SHORTOnly for education purpose not to be taken as a trading call.
CHART BY HARMONIC LEARNING AND EARNING
Long Apollo Hospital above 1325 Yesterdays fall accompanied by recovery indicates the stock has formed a base near 1275 we can long above 1325 SL 1270 Target 1400++
Timeframe 1 week safe traders can exit below 1300
