In the previous session, the market saw a flat opening in the morning and got stronger as the day progressed. The Nifty index made a day high near 16011 and closed with a net profit of 178.95 points. On the technical note, the index formed a strong bullish candle on the chart. The market has been showing sector and stock specific movement since the past few days. Hence, we recommend continuing to approach the markets in the same way.

Look at the below research report of ‘Stocks to Buy for – Thursday, July 07, 2022’ before the market opens.

Apollo Hospitals Enterprise Ltd.

NSE :APOLLOHOSP   BSE :508869  Sector : Healthcare

In the daily time frame, share prices are moving in the form of the ‘Symmetrical Triangle’ pattern. As shown on the chart, prices have given a breakout above the neckline in the previous session. A white bullish window appeared on the daily chart. As per pattern theory, 370 points movement on upside can be expected in coming days. Stock comfortably closed above the 21 days EMA support which indicates short term bullishness.

In short, APOLLOHOSP chart looks attractive, one can initiate buy at current levels and add more on dips around break out levels near 3830 levels which can take price towards 4200 levels. This outlook is valid as long as we do not see any closing below 3700 levels.

Check More Analysis on APOLLOHOSP at: Apollo Hospitals Enterprise Ltd.