Rectangle Breakout & Pull Back Pattern Seen in Apollo HospitalHello Guy's,
Guy's we have seen small rectangle pattern breakout and pullback pattern in APOLLO HOSPITAL. Now chances are high, we can see uptrend continuation from here. I have already explained earlier about this pattern, but again i will copy and paste from gail, so it will be easy to understand to those who newly joined with us.
Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts?
Rahul:-
A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels.
A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated.
The price will “test” the support and resistance levels several times before eventually breaking out.
From there, the price could trend in the direction of the breakout, whether it is to the upside or downside.
we can clearly see Above in APOLLO HOSPITAL chart that the pair was bounded by two key price levels which are parallel to one another.
So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride!
Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it.
So now let's focus about company background:-
Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned architect of modern healthcare in India. As the nation’s first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country.
Apollo Hospitals has emerged as Asia’s foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies,
Primary Care & Diagnostic Clinics and several Retail Health models.
Market Cap
₹ 80,392 Cr.
Current Price
₹ 5,591
High / Low
₹ 5,688 / 4,078
Stock P/E
115
Book Value
₹ 453
Dividend Yield
0.27 %
ROCE
14.5 %
ROE
13.7 %
Face Value
₹ 5.00
Industry PE
37.9
Debt
₹ 4,889 Cr.
EPS
₹ 48.5
Promoter holding
29.3 %
Intrinsic Value
₹ 933
Pledged percentage
16.1 %
EVEBITDA
38.0
Change in Prom Hold
0.01 %
Profit Var 5Yrs
67.1 %
Sales growth 5Years
15.0 %
Return over 5years
35.1 %
Debt to equity
0.75
Net profit
₹ 730 Cr.
ROE 5Yr
10.4 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
