APOLLOHOSP - Technical Analysis with Chart Patterns & Indicators
Last Updated Time : 19 Sept 25, 2:16 pm
Back to Technical ListTechnical Rating: 4.3
Hereโs a detailed technical analysis of Apollo Hospitals Enterprise Ltd. (APOLLOHOSP)
๐ Trend Overview
Current Trend: The stock is in a strong uptrend, trading near its 52-week high of โน7,981. Price action shows bullish continuation with higher highs and strong support from moving averages.
Price Action: At โน7,851, APOLLOHOSP is above both the 50-DMA (โน7,603) and 200-DMA (โน7,124), confirming sustained bullish momentum.
๐ Momentum Indicators
RSI (56.9): Bullish zone, comfortably above neutral. Indicates healthy buying interest without being overbought.
MACD (84.2): Strong positive crossover, confirming upward momentum and trend strength.
Volume: Current volume (2.68L) is above the 1-week average (2.11L), showing increased participation, which supports the bullish setup.
๐ Volatility & Bands
Bollinger Bands: Price is near the upper band, signaling strength. A breakout above โน7,980 with volume could trigger a rally toward โน8,300+.
๐ Support & Resistance Zones
Type Price Zone (โน) Notes
Support 7,600 โ 7,700 Near 50-DMA and recent swing low
Resistance 7,980 โ 8,050 52-week high and psychological barrier
Breakout 8,100+ Above this, next target is โน8,300 โ โน8,500
๐ฏ Entry & Exit Strategy
Optimal Entry: โน7,700 โ โน7,800 (on dips with bullish confirmation)
Exit Zone: โน8,000 โ โน8,100 (partial profit booking); โน8,300+ (final resistance)
Stop Loss: โน7,580 (below 50-DMA)
๐ Summary
Trend: Trending upward
Momentum: Strong bullish signals from RSI and MACD
Volume: Rising, confirming breakout strength
Outlook: Positive; watch for sustained move above โน7,980 with volume for next leg up
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