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    Stock Radar: Apollo Hospitals break above Cup & Handle pattern; should you buy?

    Synopsis

    Apollo Hospitals stock shows bullish signs with a breakout from Cup & Handle pattern. Experts recommend buying for a target of Rs 6,750-6,800 in the next 1-2 months. Technical analysis indicates positive price action ahead.

    Apollo Hospitals, part of the hospital space, breaks out from a Cup & Handle pattern on the daily charts which has opened room for further upside in the stock.Short-term traders can look to buy the stock for a target of Rs 6,750-6,800 in the next 1-2 months, suggest experts.The hospital stock hit a record high of Rs 6,871 recorded on February 22, 2024, but it failed to hold on to the momentum.The stock witnessed a brief decline but found support
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    The Economic Times