1. After the fall of March 2020, this stock started recovering slowly
2. Every up move showed a Flag and Pole Pattern breakout with good volume
3. Recently, there is a breakout of a similar pattern with good volume
4. Also, there are lots of deliveries near the 135-136 level over the past few days which can act as a support (Stop Loss level)
5. Volume on Breakout...
Hospitals should be the best industry in these COVID Times.
But Surprisingly Apollo was 1800 on Mar 1st and touched a low of 1080 and now it is 1650.
Third listed Hospital is entering the scene after Apollo, Fortiss and now its Max.
at the current price still it looks little rich, I would go long around 1625.
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.