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Apollohospitals

Apollo Hospitals (ticker: APOLLOH) ForecastThe chart provided is a weekly candlestick chart for Apollo Hospitals (ticker: APOLLOH) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Weekly - Data Range: From around early 2022 to mid-2024 Price Analysis: - Current Price: ₹5,914.35 - Price Movement: The stock price has experienced significant volatility over the depicted period. - The price fell sharply from around ₹6,000 in early 2022 to below ₹4,000. - It then gradually recovered, forming a steady upward trend reaching a high of around ₹7,000 in early 2024. - Recently, the price has declined from the peak and is showing some consolidation around the ₹5,914 level. Technical Patterns: - Support and Resistance: - Support: The area around ₹5,750 to ₹5,850 has acted as a support zone recently. - Resistance: The price faced resistance around ₹6,000, as indicated by multiple touches and rejections at this level. - Descending Triangle: A descending triangle pattern is visible from the recent high near ₹7,000. The price is consolidating within this triangle, characterized by lower highs and a relatively horizontal support line around ₹5,750-₹5,850. Potential Future Movements: - Bullish Scenario: If the price breaks above the descending triangle and crosses the resistance at ₹6,000, it could indicate a potential upward movement, possibly retesting previous highs around ₹7,000. - Bearish Scenario: If the price breaks below the support zone of ₹5,750, it might lead to a further decline, with the next major support level potentially around ₹5,250 to ₹5,000. Conclusion: The chart shows that Apollo Hospitals' stock has been consolidating in a descending triangle pattern after a strong uptrend. Traders should watch for a breakout above the resistance at ₹6,000 for a bullish signal or a breakdown below the support at ₹5,750 for a bearish signal. The stock is currently at a critical juncture, and its next move will likely be significant in determining its short to mid-term trend.
NSE:APOLLOHOSPLong
by The90sTraderOfficial
APOLLOH - Stock Analysis**Technical Analysis:** Apollo Hospitals Enterprises Ltd displays several robust technical signals indicating a bullish trend. The HighLow indicator suggests a "Strong Bullish" sentiment, with the stock hovering near a one-year high and the potential for a new high. The OneDay signal is "Strong Bullish," with the latest tick showing a strong price rise supported by substantial trading volume. The PSAR indicator is "Bullish" with a bullish crossover. The KeltnerBand, MACD, DonchianBand, HighLowBand, MAChannelBand, and Supertrend all show "Strong Bullish" signals, indicating positive breakouts and strong trends. Notably, the MACD exhibits a "Strong Bullish" signal with a bullish crossover between the MACD and signal line. However, it is worth noting that the MACD has been showing frequent crossovers, suggesting potential fluctuations in the trend. **Candlestick / Heikin Ashi Patterns:** The daily candlestick patterns are "Strong Bullish." A bullish gap-up pattern formed at a high level, indicating strong momentum, supported by good trading volume. Additionally, a bullish Heikin Ashi pattern has formed on the daily chart, further reinforcing the bullish sentiment. On the weekly chart, a "Neutral" spinning top continuation Heikin Ashi pattern has been observed. **Fundamental Metrics:** Fundamentally, Apollo Hospitals Enterprises Ltd presents strong metrics. The book value has been trending upward over the past three years, reflecting improved financial strength. The company has achieved a commendable Return on Equity (ROE) of 11.13%, highlighting the efficient use of shareholders' equity. In addition, there is a positive short-term trend in total sales and net profit, with annual sales showing consistent growth for three consecutive years. Quarterly sales have been trending upward over the past five years, and there has been a steady increase in total assets over the last three years. In light of the analysis, the recommendation for potential investors is to "Go Long" on Apollo Hospitals Enterprises Ltd when the stock price rises above 5165.50, with a suggested stop loss set at 4678. It is crucial to exercise caution and consider other market conditions and individual financial goals before making any investment decisions.
NSE:APOLLOHOSPLong
by ruelfernandes
APOLLOHOSP--Near it's trendline??The stock is trending upwards... facing resistance in the zone 5300. if we see on bottom side..price has taken the support from 4900... price is also near its trendline...taking the support of trendline will not able to sustain above 5300 zone.. if price falls below the trendline..with a small retest to trendline,it will fall until 4900 range only... until price breaks this zone @4900,don't go for short... it will come back for retracement then will go for sell side...
NSE:APOLLOHOSP
by IIT-Trader
APOLLOHOSP--Demand Zone @4355??Observations:: --------->> The stock is trending upwards in daily time frame. --------->> Previous resistance is broken but failed to close above levels, results in selling pressure towards downside. -------->> we have a demand zone @4360 levels. where previously strong buy ness is observed. If price breaks this level we have a support @4340 levels. --------->> if this zones acts as a support, a strong rise towards upside is possible. If price breaks resistance @4680 range we have next resistance placed @4800 range. if price comes back to this place we will go for buy @4200-4240 . Keep track this levels.
NSE:APOLLOHOSPLong
by IIT-Trader