In the previous session, the Nifty index opened on a positive note and witnessed consolidation on the higher side throughout the day. The index got stronger as the day progressed and closed with a net gain of 217 points. On the technical note, the Index formed a Bullish candle on the daily chart.Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for Friday, November 25, 2022’ before the market opens.

Apollo Hospitals Enterprise Ltd.

In the daily time frame, share prices are moving in the form of the ‘Symmetrical Triangle’ pattern. As shown on the chart, prices is moving above the neckline of the pattern. A white bullish window appeared on the daily chart. Stock comfortably closed above the 9 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 4700 levels which can take price towards 4900/5020 levels. This outlook is valid as long as we do not see any closing below 4590 levels.

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