Apollo Hospitals has shown an excellent recovery from its long-term rising trendline and 100 EMA support near 7600. This same trendline has supported multiple major reversals since 2022 and buyers have once again defended it strongly. The sharp bounce after the recent correction suggests strong demand absorption and the bigger bullish structure remains intact.
I am expecting the stock to reclaim 9000 first followed by a fresh move towards 9500+. A clean breakout above the previous highs can trigger another expansion phase. The weekly RSI is also recovering which adds strength to this reversal setup. As long as the marked support holds Apollo looks well positioned for its next major rally.
I am expecting the stock to reclaim 9000 first followed by a fresh move towards 9500+. A clean breakout above the previous highs can trigger another expansion phase. The weekly RSI is also recovering which adds strength to this reversal setup. As long as the marked support holds Apollo looks well positioned for its next major rally.
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