This stock making a good triangle pattern stock facing resistance at 4650 level It's tested this resistance 5th time in last 3 month and today it gain 3% with high volume
so can enter when it close above 4650
If it reject from here then we can short with a small stop loss
NSE:APOLLOHOSP
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
APOLLO Hospital Making Ascending Triangle with Good Volumes.
RSI above 60 on both daily and weekly charts making it stronger breakout candidate.
Rest details on chart. Keep an eye.
Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
NSE:APOLLOHOSP large cap health care stock is touching triangle's resistance for 5th time in this year.
With positive earnings and bull market, this breakout can sustain if pharma sector picks momentum again.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing...
Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short...
Apollo Hospital: There is a Daily Timeframe. In order to take the trade have showcased 75 mins/ 1hr Timeframe.
Key things to notice or consider below trading:
1. There is a Support becomes resistance
2. Volume of the Break down candle needs to be higher than the previous candle
3. Target till Daily Demand zone
here apollo hospital gives a perfect entry level . according to my analysis support will breakdown and a continous fall or bearish momentum will be shown in apollo hospital
NSE: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...
Apollo hospital is near the level of ₹4557.00 and also break the level. If it is sustain above, it is a great buying opportunity for target of ₹ 5090.00.
