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Home » Chart Idea – Apollo hospitals stock seek attention due to rise in COVID-19 cases
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Chart Idea – Apollo hospitals stock seek attention due to rise in COVID-19 cases

Technical Chart of Apollo Hospital

 

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.

The Group also has Telemedicine facilities across several countries, Health Insurance Services, Global Projects Consultancy, Medical Colleges, Medvarsity for E-Learning, Colleges of Nursing and Hospital Management, and a Research Foundation. In addition, ‘ASK Apollo’ – an online consultation portal and Apollo Home Health provide the care continuum.

 

Technical View on Apollo Hospital 

 

The stock has formed a green bullish candle on the weekly chart. Currently, the stock is trading above it’s 20 and 50 days moving average which gives a positive crossover on the chart.

As we have seen in the above chart both the indicators RSI and Stochastic have given a positive indication on the weekly chart.

 

Trade Recommendation

 

Traders can buy Apollo Hospital stock above 1526 levels for an upside movement till 1650 and further to 1700 levels in the coming days/weeks.

Support and stop-loss below 1420 levels on a closing basis.

Trade with levels only.

 

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