On the daily chart, Apollo Hospitals is trading under the bearish flag pattern and the current price is breached below 38.2% Fibonacci level.
The stock price for the last few days was trading between a very tight range after retreating from the all-time high level.
The immediate resistance is at 4600 level and the support for the stock is at 4000 level.
Any breakdown from the current level will spark a bearish momentum
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