Apollo Hospitals – Inverted Head & Shoulders BreakoutChart Pattern: Inverted Head & Shoulders
Timeframe: Daily
Breakout Level: ₹7,565
Target: ₹8,980
Potential Upside: +18.7%
Stop Loss: ₹7,250
Volume: Strong breakout volume confirms institutional activity
RSI: 71 – Momentum strong, no signs of exhaustion or divergence
Technical Thesis:
Apollo Hospitals has completed a multi-month inverted head & shoulders pattern with a breakout above the ₹7,565 neckline zone. The structure developed over 8 months, showing accumulation and basing under resistance. The breakout is supported by the highest volume since Oct 2023 and a clean bullish candle. There is no visible supply zone until the ₹8,800–₹9,000 area, suggesting potential for a swift move.
Trade Plan:
Entry: On breakout above ₹7,565 or on pullback to ₹7,450–₹7,500 (if offered)
Target: ₹8,980 (based on measured move projection)
Stop Loss: ₹7,250 (below neckline and prior range low)
Risk:Reward: ~3.5:1
Disclaimer:
This chart and analysis are intended for educational and informational purposes only. This is not a recommendation to buy, sell, or hold any financial instrument. The views expressed are based on technical patterns and personal interpretation and may not reflect actual market movement. Always do your own research and consult your financial advisor before making any trading decisions. Trading in equities involves risk of capital loss.
