marketmoneymohmaya

MAXIND - Weekly Chart Analysis, CMP-212.65

Long
NSE:MAXIND   MAX INDIA LTD
Stock coming out of 21 week base of 34%range on a good volumes and is now sustaining above it for 2 weeks. Down week volumes are low showing strength.

170 shall act as a support as there is weekly gap away formed 170-172.65. A weekly close and a follow up thereafter shall make our view invalid.

248 - 280 - 321 - 440 are the levels that can be tested over the long term.


Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.

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