Apollo Hospitals - Short term bearish , Long term bullish trend
Apollo Hospitals recently broke out of the strong resistance levels at 4700 and went on make all time high. It kissed the major upwards trend line which is a strong resistance line and pulled back little. If it doesn't break above this trend line, expect it to pull back and retest the 4700 support levels in next few months, which will also fill the gap in short term. I'm bullish on long term but bearish short term. Anyone looking for long term positioning can start accumulating at the price of 4600-4800 levels.
Note
Short term target 5200.Trade fermée: cible de profit atteinte
Target 4700 reached yesterday, expect stock to bounce back to test 5200 levels.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.