Apollo Hospitals has target of Rs 539: Nooresh Mirani

Apollo Hospitals Enterprises has target of Rs 539, says Nooresh Mirani, AVP Technical of AMSEC Research.

Mirani told CNBC-TV18, "Apollo Hospitals Enterprises has been on the channel for the last 6-9 months, the upper end being at Rs 520 and the lower end being Rs 450. Over the last so many months it has made lot of attempts around Rs 520 levels but has not been able to close above the Rs 500 level comfortably."
He further added, "In the last 3 sessions the stock has closed above Rs 500 with much larger volumes compared to 2 weeks average, this gives a conviction that the stock may break out above Rs 520 and head up to Rs 548-550 in the short-term. The upside target on the channel projection would be closer to Rs 590-600, my intraday target of Rs 539." Click HERE to know the rules and follow the score card