Idea is simple:
Long position when the price breaks out of flag ($75.85)
Stop - close lower than $74.91 (-1.23% risk)
Take - $81 (6.88% upside)
Profit/Risk - 5.6
Feel free to comment / add a feedback
Another stock that came on my radar is apollo tyre.
The stock has been moving in a range for the past 4 months.
Last week its closed well near its highs.
Now if the stock sustains 190 levels on the weekly basis, the stock might test its upper range 240- 255.
And if the range breaks on the upside, the stock could test its all-time highs i.e. 307.25.
This analysis is done at the request of a well wisher.
Yes, the overall index is weak but here is a defense stock with a huge pipeline orders.
Usually folks love the satisfaction to pick up stocks at the very bottom and here is one where after a continuous fall, it has reversed with big green candle breakout from a falling wedge + Bullish divergence + MACD...
Live Challenging Signal BUY APOLLO HOSPITAL@ 102.62
Pair: APOLLO HOSPITAL
Entry Type: Buy
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Apollo Hospitals has approached it's multi year trend line negating covid turbulence from April to July.
Historically, for Apollo Hospitals RSI has been a critical indicator suggesting whether to expect the trend line to be a Support or resistance.
After the quarterly result blues are over, RSI indicates that stock is ready to approach and cross the multi year...
CHART IS LOOKING COMPLICATED BUT NOT I WOULD NOT SHARE incase I DONT WANT TO BE KNOWN AS GAINING MORE BY LUCK THAN JUDGEMENT
OKAY LETS LOOK AT CHART SUPPORT LEVEL BECOME RESISTANCE AND AGAIN CONTINUE THIS CIRCULATION SUPPORT IS BROKEN BEFORE BECAUSE BTC.THIS TIME IT IS
NOT AS EASY BEFORE. IF ITS BROKEN THIS LEVEL IS OURSE STOP-LOSS ZONE...