It has two major Supply Zones: 1. 1490 2. 1530.
On 15th Jan it broke 1st major supply zone and tested 1530. On 16 Jan broke 2nd major supply zone and tested next major supply zone @ 1580-1595. Yesterday again broke major supply zone and closed above this zone.
Now if it will sustain above 1580-1595 then it may test next supply zone @ 1630-1640-1650.
It has formed a rising wedge.
Selling volume is increasing.
Also it is trading at all time high
and buying volume is decreasing according to
weekly chart.
so it should retrace a bit...
Levels mentioned...
Short Below 1683, SL1690,
target 1672/1665
long above 1695, SL 1686
target 1707/1712/1718
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Apollo Hospitals Enterprise Ltd. engages in the operation and management of hospitals, diagnostic centers, and pharmacies. It operates through the following segments: Healthcare, Retail Pharmacy, Clinics, and Others. The company was founded by Prathap Chandra Reddy on December 5, 1979 and is headquartered in Chennai, India.
APOLLOHOSP
![APOLLOHOSP: [3bb] Apollo Hospitals Short Idea](https://s3.tradingview.com/x/xyHBbXyd_mid.png "[3bb] Apollo Hospitals Short Idea")
