Hello friends,
My name is Gaurav Vaishnav and I am a Full-Time Trader & Mentor. Dhanone3 teaches technical analysis to thousands of people across the country as well as gives them a real understanding of the market, so that they can take the right decisions themselves.
Topic of today’s post: Apollo hospitals enterprise limited share price target
Today we will talk about such a Technical Chart Setup of Apollo Hospitals Enterprises Ltd, where a great buying zone is being formed. In this post, I will explain the entire strategy along with Entry, Stop Loss and Target in very simple language.
Company’s Business Model and Future Potential
Apollo Hospitals is one of the largest and most trusted healthcare companies in India. This company operates in many segments like hospital, pharmacy, diagnostic services and health insurance across the country.
The growth of digital healthcare and increasing health awareness in India will make this company even stronger in the times to come. Apollo’s future growth potential is tremendous.
Technical Chart Analysis (Daily Timeframe)
As you can see in the given chart, the stock is currently slowly coming towards a good Demand Zone.
As soon as this price reaches the Demand Zone and a strong Green Candle is formed there (change from Red to Green), that will be our Buy Confirmation Candle.
The low of the same Confirming Green Candle will be our Stop Loss.
In this setup, we have used Fibonacci Extension Tool to find the potential target above.
Trade Setup (Quick View)
Apollo hospitals enterprise limited share price target
- Stock Name: Apollo hospitals enterprise limited
- Timeframe: Daily
- Buy Above: ₹6,430 (after the formation of Green Candle in Demand Zone)
- Stop Loss: Low of Confirming Candle (approximately ₹6,360)
- Target 1: ₹6,941
- Target 2: ₹7,078
- Target 3: ₹7,519
Disclaimer: This information is given for educational purpose only. Please take any investment decision only after consulting your financial advisor.
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