BUY APOLLOHOSP
ABOVE 1150 TGT 1170/1195 SL 1110
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Market
summary 20 APRIL 2018: Domestic indices ended flat, as gains in technology
stocks offset losses in other sectors, while minutes of the central bank's
policy panel meeting stoked expectations of an interest rate hike. Among
the sectoral indices, IT led gains by rising 4.80% followed by teck 3.89%,
while utilities, realty, bankex and power fell up to 1.22%. MidCap was down
0.44%, while SmallCap gained 0.02%. TCS, Infosys, Coal India and Wipro were
among the top gainers, whereas Yes Bank, Tata Steel, ICICI Bank and SBI were
among the major losers.
Apollo
Hospitals Enterprise Limited Apollo Hospitals Enterprise
Limited is a healthcare provider. The Company is engaged in offering healthcare
services and operating standalone pharmacies.After showing correction
from the higher level, now APOLLOHOSP
is
trading in short term recovery phase, it is likely to continue the upside move
in near term with the crossing of the resistance level of 1150 .It is likely to continue the
positive movement with the breakout of the resistance levels of 1150 at 200 ema
. 22 and 55 days moving averages seen as support level with the RSI of 58.
After breakout 200 EMA, One may get the targets of 1170,1195 in the stock
with the stop loss of 1110.
DAILY CHART FOR APOLLOHOSP
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