APOLLOHOSP trade ideas
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.
Apollo Hospitals looking good for long termOn weekly time frame, Apollo Hospitals has seen good breakout of cup and handle pattern with strong green candle, followed by good volumes. Currently stock is consolidating in the price range of 5000-5300. Any dip around 5000 seems good buy to give around 18% return till lifetime high i.e. 5911. However, the length of cup estimates the targets of 6555 which is almost 27% from the current price.
APOLLOHOSP--Near it's trendline??The stock is trending upwards...
facing resistance in the zone 5300.
if we see on bottom side..price has taken the support from 4900...
price is also near its trendline...taking the support of trendline will not able to sustain above 5300 zone..
if price falls below the trendline..with a small retest to trendline,it will fall until 4900 range only...
until price breaks this zone @4900,don't go for short...
it will come back for retracement then will go for sell side...
APOLLOHOSP ascending triangleOn the chart we can see the price is consolidating inside the ascending triangle.
The price broke above the horizontal resistance line, so it might be the entry for a long position.
The price remains above the alligator's lines which is bullish.
Target is shown on the chart.
Apollo Hospitals bullish?Apollo Hospitals has given a breakout from a resistance zone which it has been respecting since over a year. Buying volumes on the breakout candle are not very strong but buying volumes before the breakout candle were very healthy. Personally, I would wait for the first retracement and use a tight stoploss along with 20EMA on weekly charts as a trailing stoploss.
APOLLO HOSPITAL Make ascending triangle chart pattern in 4 hour time fram , price at 52 week high also take support of 50 EMA if take break out at resistance Target will be 5468.30 if take break out at support level Target will be 4295.80
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
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.
APOLLOHOSP--Demand Zone @4355??Observations::
--------->> The stock is trending upwards in daily time frame.
--------->> Previous resistance is broken but failed to close above levels, results in selling pressure towards downside.
-------->> we have a demand zone @4360 levels. where previously strong buy ness is observed. If price breaks this level we have a support @4340 levels.
--------->> if this zones acts as a support, a strong rise towards upside is possible.
If price breaks resistance @4680 range we have next resistance placed @4800 range.
if price comes back to this place we will go for buy @4200-4240 . Keep track this levels.
#APOLLOHOSP LOOKING AT GIVEN LEVEL#APOLLOHOSP... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
APOLLOHOSP - Bullish Swing ReversalNSE: APOLLOHOSP is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.