Apollo Hospitals Enterprises Ltd – Technical Analysis

Current Price: ₹6,891.95 (-1.35%)

Key Levels:

1. Resistance: ₹7,037
   
2. Support: ₹6,875 (immediate), ₹6,700–₹6,600 (critical)
   

Trend:

1. Price has broken the lower boundary of the upward channel.
   
2. Watch for a potential reversal around ₹6,700–₹6,600.
   

RSI: Neutral, trending lower.

Moving Averages:

1. Testing the 50-day MA.
   
2. 200-day MA at ₹6,200 acts as strong support.
   

Volume: Decreasing, signaling less buying pressure.

Strategy:
Buy if reversal occurs at ₹6,700–₹6,600, targeting ₹7,037.
Stop-loss: Below ₹6,500 for risk management.
Note: A break below ₹6,600 may lead to further downside.