Apollo Hospital :
A huge cup and Handle breakout.
Fundamentally the stock was recommended by every analyst in the last 3-4 yrs but the stock did not cross 600-640 levels since 2005-2009.
The range was between 350 to 600 irrespective of market conditions.
The current formation is for almost 10 years which indicates a major breakout.
Buy on current levels of 660-690 and add on declines till 600 with a target price of 900/1200 in next 6 mths to 1 yr.
So a techno funda pick !!
Disclosure : Already recommended to clients in the morning at 655-660.
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Mumbai ---- > January 23-24 2010
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Sensex the next Multibagger ... a technical view Banglore January 9th - Time 6 pm to 9.30 pm. Mail to email@example.com to register. Charges Rs 500.