Hi friends,
Apollo hospital has corrected sharp recently,Looking at the wave structure chart of apollo hospital we can see W and X followed by a impulse. Let me put the chart.
From the chart can figure that the stock is likely to find support in 1020-1000 range and bounce back towards 1150 levels .This impulse fall is likely to be a wave fall of Y leg correction ,Plan longs nearer to 1000 and look for good bounce.This is leader in hospital sector other stock in same sector is FORTIS healthcare which has given tuff time to traders and investors.
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