Apollo Hospitals – Long Term Investors are Waning Out?

Just have a look into the monthly charts of Apollo Hospitals. There was a nice clean uptrend since 2009 along with clustered monthly consolidations. Till date we have 8 such clustered monthly consolidations. such consolidations indicates that we are dealing with the aged trend and long term buyers be less interested in such counter. Long term resistance zone comes around 1307 levels.

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