Its about to correct
Apollo Hospital CMP 7182
RSI - negative divergence on the weekly chart is very negative. The stock make new highs with RSI in the bear zone is again negative.
Elliott- the current rally is corrective in nature and should not be trusted.
Conclusion - since the reversal is on the weekly charts the correction should be a decent one.
RSI - negative divergence on the weekly chart is very negative. The stock make new highs with RSI in the bear zone is again negative.
Elliott- the current rally is corrective in nature and should not be trusted.
Conclusion - since the reversal is on the weekly charts the correction should be a decent one.
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