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.
MaxHealthcare has given a breakout of 34 weeks old trendline resistance on weekly timeframe. Looks good on charts to go long for further momentum trade with potential tgt and sl marked in charts ..
MAX HEALTHCARE - Short-term Trend Analysis - Price action
1. Good breakout happen a week ago, and now at the retracement lower level.
2. Should not breach this level, it breach means it will be on the downtrend.
3. If the stock opens and closes above 376, then the stock 1st target will be 388 and the 2nd target is 420
4. Only for the swing trade, strictly not for...
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...
