Daily Chart of Apollo Hospital -
Stock has given a recetange breakout recently and has also done a retest of the breakout at around 5354 levels.
Read more about rectangle breakout on the link - https://www.investopedia.com/articles/trading/08/rectangle-formation.asp
The height of the rectangle is 630 odd points.
Lets have a look at the weekly charts now. ATH for the stock is around 5900 and that also coinsides with the target projection of the rectangle breakout.
Disclaimer: - No open position at time of post. Above post is not a stock recommendation.
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