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Apollo Hospitals - Trend Continuation

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NSE:APOLLOHOSP   APOLLO HOSPITALS.
Apollo Hospitals

CMP - 1232.05

SL and Target marked on the chart.

Reason -

It's in downtrend,
and trend continuation is what I follow as it provides a good R.R.R. ( in this case 1:4 )

Here, prices have trended down, consolidated, can be expected to move down more.

Komen:
The good thing about this is that, if the very recent upmove continues and the stock gaps up above the line or immediately goes above the yellow line, we don't enter at all. Entry only when it shows clear rejection from that line. SL should still be maintained.
Dagangan aktif
Dagangan ditutup: hentian tercapai:
SL hit. Broke out of the trendline.
Komen:
Watch if it takes support or breaks the trendline. Worse case is when it goes back and forth it. So look for big candles that will show strength in move, not necessarily but more probably.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.