Technical view by Nooresh

Apollo Hospitals – Long term pick tgt 800-900 and 1100-1200

Apollo Hospital :
A huge cup and Handle breakout.
Fundamentally the stock was recommended by every analyst in the last 3-4 yrs but the stock did not cross 600-640 levels since 2005-2009.
The range was between 350 to 600 irrespective of market conditions.
The current formation is for almost 10 years which indicates a major breakout.
Buy on current levels of 660-690 and add on declines till 600 with a target price of 900/1200 in next 6 mths to 1 yr.
So a techno funda pick !!
Disclosure : Already recommended to clients in the morning at 655-660.

Check Chart given below

Technical Analysis Training Schedule :
Mumbai ---- > January 23-24 2010
Banglore --- > January 9th-10th ( few seats left )
We have a few interested people in Delhi,Coimbatore,Hyderabad. So if people would like a session in their city please mail to
Sensex the next Multibagger ... a technical view Banglore January 9th - Time 6 pm to 9.30 pm. Mail to to register. Charges Rs 500.

Best Regards,

Article by Nooresh Merani

Nooresh has written 2531 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment