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  • Muthu Vivek

Watchlist for February 4, 2020 (Tuesday)


1.APOLLOHOSP

The stock is hovering around its all time high. Though the majority of the stocks got hit badly on Saturday as a reaction to the Budget 2020, Apollo Hospitals fell only 0.35% indicating a resistance to fall. Also the trendline break in RSI means higher chances of stock moving up. A move past the all time high of 1717.15 might pave way for fresh move upwards.


2.ASIANPAINT

Unlike Apollo Hospitals, Asian Paint has been able to push past its all time high today. But Volume is bit of a concern as there is no enough volume to say the stock might continue moving forward. The stock is forming higher highs and higher lows in the weekly chart. A move past 1872.25, taking over the previous swing high with a heavy volume would push the stock further up.

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