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A few days ago I had posted on TV to long ApolloHosp and the stock has played out as expected.
Now, ApolloHosp looks seriously overextended and also a good opportunity to short in the near future.
Not sure what exactly is driving this up like this, but wait for weakness before going short on this.
Wait for a red candle day and then you can think of playing it on the short side. Till then, trying to short this would be like coming in front of a fast-moving train.
Probably, many retailer traders would get caught in this move.
If you are long, then I would recommend taking partial profits at least.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk-reward ratio is best.” - Jaymin Shah
Before you start reading kindly hit that like button. It motivates me to keep doing such work for free.
Thanks
A few days ago I had posted on TV to long ApolloHosp and the stock has played out as expected.
Now, ApolloHosp looks seriously overextended and also a good opportunity to short in the near future.
Not sure what exactly is driving this up like this, but wait for weakness before going short on this.
Wait for a red candle day and then you can think of playing it on the short side. Till then, trying to short this would be like coming in front of a fast-moving train.
Probably, many retailer traders would get caught in this move.
If you are long, then I would recommend taking partial profits at least.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk-reward ratio is best.” - Jaymin Shah