**Technical Analysis:** Apollo Hospitals Enterprises Ltd displays several robust technical signals indicating a bullish trend. The HighLow indicator suggests a "Strong Bullish" sentiment, with the stock hovering near a one-year high and the potential for a new high. The OneDay signal is "Strong Bullish," with the latest tick showing a strong price rise supported...
Observations:: the stock is in the resistance zone..@5200 we have a demand zone at 4900 -5000 range, if Demand zone failed to take the price above 5300 levels, price will come down to 4700 range and 4500 range. be on buyside from 4500 range.
Observations:: price is exactly closed in the resistance zone....where price falls more from this zone previously. previous resistance@4690 zone broken strongly... without any retracement towards resistance@4960 , if the previous resistance zone acts as support, price reach the strong resistance @5200 level. keep on bullish until price breaks 4500 level. price...
Apollo hospital is at a good support level, it can continue till 4200 levels, where it might halt for some time. This has a good risk to reward ratio(1:2). We can enter a trade with 10 Rs. stop loss once it goes above 4075
All the key levels are mentioned in chart Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:APOLLOHOSP gave a breakout above the supply zone.