NSE Adani, Apollo, & Ambuja Cements – Acceleration Phase

Adani Transmission in Final 5th Wave (Closing Price: 1869.9)

According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 – 2304 – 2364 levels. And the day traders can expect 1920 – 1946 levels.

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Apollo Hospitals Technical Analysis – Bullish double bottom appears to have formed (Closing Price: 4164)

APOLLO HOSP has formed double bottom pattern formation by retesting strong support of the 4010 level. And if we see consecutive closing prices above to current closing level, then Apollo Hospitals’ shares may come to hit the 4300 – 4400 levels before the month end.

Or if it will break the support level, then don’t buy because that’s the demand zone. And this breakdown can hit hard to this stock. Apollo Hospitals’ stock price may collapse up to 3896 – 3780 – 3670 – 3460.

Ambuja Cements: Head-And-Shoulder Pattern Kick Starts Bearish Outlook (Closing Price: 375.9)

Strong Resistance: 392
NSE Ambuja Cements price recently created a bearish head and shoulders pattern, meaning it will fall. But if it will bounce back and touch 392 level, then invalidation. Otherwise, be ready for the following levels: 360 – 352 – 346.