Apollo Hospitals | Breakout | Latest stock market news(3 minutes read)

Stock name: Apollo Hospitals

Pattern: Breakout

Time frame: Daily

Observation:
Apollo Hospitals has broken out of a short-term resistance of 4700 levels with good support from the volumes after a consolidation of more than 4 months. However, there is an immediate overhead resistance around 5100 levels and once the stock takes out the same, we can see some good up-move in the counter.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) L&T wins order for its heavy civil infra business - Order value between 10 to 25 Bn INR.

2) The Government of India is prioritizing maritime development to enable ports to identify and resolve bottlenecks in enhancing multimodal connectivity, Union MoS, Shri Shantanu Thakur said while addressing the PM GatiShakti Multimodal Maritime Summit 2022.

3) Easy Trip Planners: Company’s board to meet on 1st December for proposal of acquisition.