Apollo Hospitals - Trend Continuation
Mis à jour
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.
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.
Commentaire
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.Transaction en cours
Trade fermée: ordre d’arrêt atteint
SL hit. Broke out of the trendline.Commentaire
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.
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