Apollo Hospital: There is a Daily Timeframe. In order to take the trade have showcased 75 mins/ 1hr Timeframe.
Key things to notice or consider below trading:
1. There is a Support becomes resistance
2. Volume of the Break down candle needs to be higher than the previous candle
3. Target till Daily Demand zone
Monthly Trend: Down
Weekly Trend: Sideways
Daily Trend: Sideways
There is a Daily Trendline and Channel Pattern
Best opportunity is going to be when stock Breaks down from the Channel or Trendline.
Why will the price not go up?
My view is that the price has been consolidating after being in Downtrend
and is currently at Resistance and in Channel pattern. Target: 406
Hi, I have put together my analysis for ABB based on Weekly Supply and Demand Zone. While looking at the stock, it can be seen that it has been consolidating for sometime (Daily and Weekly) and formed an Inside Candle. If it breaks the current Resistance the break down will be great and the price can react from WDZ.
If you have any suggestions or doubts, do...
