APOLLOHOSP - CHART ANALYSIS

1 set

Key Observations:
Uptrend: The chart indicates a strong uptrend over the long term, showing significant growth in Apollo Hospitals' stock price.
Price Patterns:
Correction Phase: There was a notable correction where the price dropped by 39.05% (₹2,233.20). This correction might have served as a consolidation phase before the next upward move.
Recovery and Growth: Following the correction, the stock recovered and surged by 40.94% (₹2,332.65), indicating a strong bullish momentum.
Current Price: The latest price on the chart is ₹6,927.50, reflecting a healthy recovery and continuation of the uptrend.
Volume: The CVD (Cumulative Volume Delta) indicator at the bottom shows the net volume flow, which has generally been positive, supporting the price increase.
Conclusion:https://www.tradingview.com/x/Ip8z6OOD/