NSE:MAXHEALTH
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
There can be a pause or reversal, at all time high.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK...
MAXHEALTH- It has formed descending triangle pattern. It has two possibilities. No1: If it breaks the triangle upside it will go towards the target marked.
No;2 If it breaks the triangle down side then fall will be there until its marked.
Disc: Only for learning purpose. Not trading Recommendation.
There is a trendline breakout on both Price and RSI on the weekly chart of Max Healthcare.
There is also a probability of Butterfly Pattern on the chart and if it unfolds stock can see 430, 490, and 540 levels in the coming months.
1. Type of Trade: Positional Long Trade
2. Buy on dips
3. Price Should sustain above 330 - 350 price zone.
1. 1 Day: Delivery volume increased by 125.98% over 5 day average
2. 1 Month: Delivery volume increased by 29.56%
FIIs
Held by 194 FIIs (16.67%)
Mutual Funds
Held in 18 Schemes (15.58%)
Increasing Revenue every Quarter for the past 4 Quarters
Company with Low Debt
Mutual Funds have increased holdings from 8.64% to 15.58% in Dec 2021 qtr.
FII/FPI have increased...
Max Health Care is in long term uptrend and is touching an important demand area of 380-400. Can buy this stock in the desired range with target of 450+ within few days/weeks
MAXHEALTH has been Consolidating near the Support zone which also seems to be a prior Resistance, looks good for potential upside of 5%-8%.
Reasons to be bullish on MAXHEALTH:
1.Resistance becoming support is a bullish signal.
2.Impulse move from these levels seen before.
3.RSI is on good levels leaving space for bulls.
4.MACD is turning bullish but not moving...
