APOLLOHOSP_Hormonic Reversal_Short selling
Harmonic 4-Point Pattern
pattern has formed in the daily timeframe for apollo hospital and its reverse zone where between (7276 & 7391), we are expecting reversal start form this zones.
RSI
Day rsi had crossed 70+ which indicates the stock is in the overbought area.
Conclusion
It's nearly to harmonic reversal zone & Rsi also is over bought, so we are excepting 3-5℅ sell target, Plan accordingly to your trading plan setup coz nifty is getting HH formation
trend is up side (All time High).
Education Purpose only.
Regards
Sathish
pattern has formed in the daily timeframe for apollo hospital and its reverse zone where between (7276 & 7391), we are expecting reversal start form this zones.
RSI
Day rsi had crossed 70+ which indicates the stock is in the overbought area.
Conclusion
It's nearly to harmonic reversal zone & Rsi also is over bought, so we are excepting 3-5℅ sell target, Plan accordingly to your trading plan setup coz nifty is getting HH formation
trend is up side (All time High).
Education Purpose only.
Regards
Sathish
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