#apollohospitals analysis
Apollo hospitals reversal swing setup.
Swing upmove Above 4530 for a target of 4750 and with a stop of 4395.
let's analyse what's happening in Apollo hospitals.
#the current trend is down and It has completed 2 similar-sized and duration down legs,
taking support of the major up trendline and falling channel support line.
# simultaneously the sectoral index nifty pharma and nifty healthcare is also showing signs of reversals,
explained on the chart.
1. Weakening down trend each next down leg is getting smaller and the duration for it is also getting shorter,
2. the rsi indicator is showing a bullish divergence.
3. taking multiple supports.
#the target is projected as a measured move of the previous pullback move.
stop loss is below the support zone.
Use position sizing according to stop loss level.
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Happy trading.
Thank you.
노트
Wait for entry level as it has extended consolidating in downtrend노트
Entry triggered 4530 to 4665 running노트
Breakout didn't sustained, stop hit면책사항
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.