Trade Idea of The Day - Apollo Hospitals Enterprise Ltd Target Rs.195 - Religare Broking Ltd
Apollo Hospitals Enterprise Ltd
BUY 28 APR 7700 CALL Apollo Hospitals Enterprise Ltd Entry Range 110-116 Target Range 195 Stop Loss 62
Rationale
* Apollo Hospitals has staged a gradual recovery following a recent double bottom formation, with price surpassing its prior swing high, indicating a shift in trend structure.
* The stock is exhibiting a sequence of higher highs and higher lows while sustaining above key short- to medium-term moving averages.
* On the weekly timeframe, price action is contained within a rising channel, with dips consistently attracting buying interest, supported by firm volumes.
* The overall trend structure remains constructive, and continued resilience above support zones is likely to sustain the prevailing bullish bias.
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SEBI Registration number is INZ00017433
