Apollo Hospitals – Wave 5 Approaches Completion at ATH Zone

After a strong multi-year uptrend, Apollo Hospitals now trades inside the projected terminal zone of Wave 5. The stock has rallied from its Wave 4 low near ₹6,002 and is advancing toward the Fibonacci cluster between ₹7,542 – ₹8,494, where 1.0x and 1.618x extensions converge.

The long-term channel has guided price action well: Wave 4 respected the lower boundary, and now Wave 5 is pressing near the upper half of the channel.

However, the RSI tells a different story. Momentum has been stuck in a falling channel, even as price climbs higher. This bearish divergence signals exhaustion — a common occurrence when a fifth wave approaches completion.

Key Takeaways:

• Wave 5 is nearing its potential terminal zone.
  
• Price resistance sits between ₹7,542 – ₹8,494.
  
• RSI falling channel highlights weakening momentum.
  
• Signs of exhaustion suggest caution at current levels.
  

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.