(Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Apollo Hospitals has witnessed a fresh breakout from a small consolidation on the weekly charts which can give a push to the stock price. The stock has also witnessed a breakout from a bullish pennant pattern on a larger period which is a continuation pattern in nature.
It has witnessed a bullish MACD crossover on the weekly charts and a move above 70 in the weekly RSI is expected to lend a strong thrust to the price. CUB has been in a strong consolidation since 2020 and was seen forming a base at around ₹120. The stock has witnessed a smaller consolidation breakout, implying a short-term upside can be seen in the coming days.
This is supported by a follow-through of a bullish ABC pattern breakout on the point and figure charts with a cluster count at around ₹160. The stock is expected to pick up momentum once the RSI trades above 70 on the daily timeframe. Purvankara has enjoyed a swift upside on the back of strong gains witnessed in the realty space in the last few months.
The stock has witnessed a five-year breakout from a bullish triangle pattern on the weekly charts. The stock has witnessed strong trading and delivery volumes in the last few weeks, implying increased interest by the market participants which can push the prices higher. In the last couple of weeks, YES Bank has gained some momentum.
It is placed near ₹20. Recently, it took out its previous swing with huge volume and successfully sustained above it. On the indicator front, daily DMI and RSI (relative strength index) hint at a bullish bias in the counter.Read more on livemint.com