Trade ideas
APOLLOHOSP <> Expecting PullBackAt strong resisntace level:
1. Long term resistance trend line
2. Fib 1.618 level
3. Big even number of 3600.
Target : 3500.
It moved about 14% in last 5 trading sessions. Expecting a pull back to 3500 to test the near term previous line of resistance as support. This point is also near to it's 7MA.
APOLLO HOSPITALS :: BULLISHDATE: 19 MAY 2021
INSTRUMENT: APOLLOHOSP
TREND: BUY
TIME FRAME: day
CMP: 3229.70
BUY ABOVE: 3250
STOP LOSS: 3150
TGT 01: 3350
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Apollo Hospital | Inverted head and shoulder w/ flag patternThis stock closely followed the inverted head and should pattern and broke the neckline. The price target today was nearly short of 40 points if compared w/ neck to head distance which is still good. The stock also touched it's near high today.
It will be interesting to see where does stock head this. I am of the opinion that this will show a short term bearish trend till the nearest support.






















