Apollo Hospital was struggling to break past 295-300 levels between CY 2006 and CY 2009. The stock finally broke out in Dec 2009
Just see what happened since then...the stock has now entered 7th year of Breakout move.
The stock has moved up 5x and the best thing has been the nature of the move - steady and consistent. Even now when the entire market is struggling because of Global chaos - this stock is making all attempts to make fresh highs.
Sometimes, a simple breakout triggers a multi year Bull market
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication, you agree to make no trade relying in whole or in part on the comments of the writers