Apollo Hospitals - Trend Continuation

28 Oca 2017

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.

29 Oca 2017

Not

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.

31 Oca 2017

İşlem aktif

3 Şub 2017

İşlem kapandı: durdurma seviyesi

SL hit. Broke out of the trendline.

10 Şub 2017

Not

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.