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1) Flag Formation likely to rise by INR 250
APOLLOHOSP has broken its recent downtrend line and closed above the line. Signifying renewed interest in the stock coming in as volumes are double and the PA covered previous 3 days downfall.
Buy APOLLOHOSP Above 1029 for Target 1 of 1059 and Target 2 of 1086 with Stop-loss on closing basis of 1015.
Please consult your Financial advisor before taking a call on this.
I hope everything explained in chart itself, if anything specific or more info drop a line or you can ask :)
A bullish bat pattern has emerged and stock moved up 2% with good volumes. If Nifty holds the fort we may see 1270 to 1300 levels in few weeks