#APOLLOHOSP broke out of a huge falling wedge, immediate resistance 200 Day SMA 4462, RSI & MACD are beautifully poised for an up-move
Sustaining above 4500, it can rally towards 4900
#stocks
Not trading call , academic post
More from Techno Prince
Bad for equities
#DowJones #Nifty #NASDAQ https://t.co/llt2Mxzg3z
#USA May inflation data came 8.6% yoy vs consensus expectations of 8.3% yoy , Core inflation at 6.0% yoy, vs consensus expectations of 5.9% yoy
— Techno Prince (@Trader_souradep) June 10, 2022
Quite a headache for #Fed
Positive for #Dollar #USD
Negative in general for equities #DowJones #Nasdaq #ES_F #Nifty #BankNifty pic.twitter.com/QnpqY9R8OO
More from Apollohospitals
Apollo Hospitals 2915 to 3450, near target.
SL of just 2.5% was not breached for 3 months, imagine the strength in this counter since then.
Net returns nearly 20% in 3 months.
Apollo Hospitals
— Prem Doshi \U0001f1ee\U0001f1f3 (@StocksResearch) April 5, 2021
CMP 2915
SL of 2840
Target 3500+
Covid wave 2 causing a sharp rally in diagnostic lab stocks, should spill over to hospital stocks too, apollo the only F&O stock in hospital sector. pic.twitter.com/F6tS8TX1s2
As per traditional chart analysis, the breakout from the flag can extend by a distance of the flagpole which gives us the price objective of 5850 or thereabouts.
Let's see what happens!
#ApolloHospital https://t.co/jHgjR2WThe
Looks like a Flag to me...
— Hardik Upadhyay, CMT. (@tradingwithdyr) August 30, 2021
A flag pattern is a continuation pattern that suggests a short-term consolidation in opposite direction preceding a strong move.
A breakout above 4850 could have a rapid movement!#ApolloHospitals pic.twitter.com/q7g4enQjRY
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1/\u201cWhat would need to be true for you to\u2026.X\u201d
— Erik Torenberg (@eriktorenberg) December 4, 2018
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A thread, co-written by @deanmbrody: https://t.co/Yo6jHbSit9
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