Apollo hospitals

The stock is currently around support levels

Comment:

From charts one can observe that the stock is currently in down trend since last year and a half......

It has tested channel support around 1100 levels in Dec 2016.

It made a higher low afterwards around 1131 in April 2017

If stock holds on to 1160-1180 zone that could be an early sign of reversal

However trend reversal will be confirmed once it goes past 1280 zone on weekly closing basis

Comment:

This is a longer term chart

Comment:

There u go...

Critical levels identified
and view gets simplified...

What Apollo hospitals chart is saying through its short term and Long term chart


Take care & plan ur trade accordingly...

Trade active:

High made so far 1275
1st trgt almost done...
Cmp 1268

One can book profits or hold with revise SL to 1228

Take care & happy trading...!!!

Trade closed: target reached:

Book profits completely



1st Target has been achieved and exceeded.
High made today 1339. That's more than 12% in 5 trading sessions

We will wait for a couple of trading sessions to see if 1260-1288 zone holds out & then take a fresh view

Happy trading...!!!