APOLLO HOSPITALS ENTER. LДлинная
All about Apollo Hospitals.
Hey there I am back with another Stock analysis. This time we will discuss in short about Apollo Hospitals.
Here are some pointers about this stock.
Key pointers.
>>The stock, Apollo Hospitals, was in a consolidation phase within an ascending triangle pattern for about 20 months.
>>It recently broke out from this ascending triangle pattern.
>>After the breakout, the stock formed a parallel channel pattern followed by a HIdden trend line but then experienced a breakdown.
>>The stock has retraced back to the breakout area and is currently accumulating.
>>As visible from chart there is a long hidden trend line, where price has retested multiple times.
>>Factors such as sales and profit data might have influenced the stock's fall.
>>The current zone is being viewed as a potential accumulation area.
>>The RSI indicator suggests that the stock is not overbought at all.
Key takeaways.
>>Lot of people make mistake by taking entry just after trend line breakout but they forget to find a hidden trendline.
>>An engulfing pattern can indicate as a potential entry trigger if the market shows bullish movement.
>> we will place stop-loss right under the tringle pattern and put target till long trend line.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
Here are some pointers about this stock.
Key pointers.
>>The stock, Apollo Hospitals, was in a consolidation phase within an ascending triangle pattern for about 20 months.
>>It recently broke out from this ascending triangle pattern.
>>After the breakout, the stock formed a parallel channel pattern followed by a HIdden trend line but then experienced a breakdown.
>>The stock has retraced back to the breakout area and is currently accumulating.
>>As visible from chart there is a long hidden trend line, where price has retested multiple times.
>>Factors such as sales and profit data might have influenced the stock's fall.
>>The current zone is being viewed as a potential accumulation area.
>>The RSI indicator suggests that the stock is not overbought at all.
Key takeaways.
>>Lot of people make mistake by taking entry just after trend line breakout but they forget to find a hidden trendline.
>>An engulfing pattern can indicate as a potential entry trigger if the market shows bullish movement.
>> we will place stop-loss right under the tringle pattern and put target till long trend line.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.