Rachit_Sethia

#MAXHEALTH CMP 244.90 #Target 271(10%+) #cnxpharma $GLD $GS $JPM

Long
NSE:MAXHEALTH   MAX HEALTHCARE INS LTD
#MAXHEALTH
NSE: MAXHEALTH
CMP 244.90
Target : 271
SL 228
RR Ratio > 1.5
Time Frame < 45D

Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.

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With 💚 from Rachit Sethia

Comments

Hey, what's your view now?
+1 Reply
Rachit_Sethia Nirajkarma
@Nirajkarma, I understand it is difficult to stay in a losing trade and I wont give u false hopes but, the stock wont perform rapidly. It might take a lot of time to break the high. Hold on for a week or two.
Else If this is like opportunity cost, then u can book whatever u are getting and enter a new trade.
I am still bullish.
Reply
Nirajkarma Rachit_Sethia
@Rachit_Sethia, yup thinking the if it sustains over 230-235 levels then I can hold. is it good? and what's your view on its P/E.?
Reply
I also did the same breakout analysis but have you seen today's candle? What's your view?
+1 Reply
Rachit_Sethia Nirajkarma
@Nirajkarma, Do not worry about the prices. If it did not have to breakout, it wouldnt broken. But now, as its broken, the rise is definite. Do not battle against prices.
Also, because of the last candle, it seems that the stock will be a slow performer. The prices will rise but at a very slow speed. Good luck!
Reply
Nirajkarma Rachit_Sethia
@Rachit_Sethia, yup. Thanks. BTW I also took a position before the breakout at 228. Expecting good returns by next Quarter.
+1 Reply
Rachit_Sethia Nirajkarma
@Nirajkarma, The stock is targeting 260-65 in some time. U might get to see 270. Because of the weirdd candle on the last trading date, i feel its good to book in parts near 265 or trail the stop loss..
Reply
Nirajkarma Rachit_Sethia
@Rachit_Sethia, Yup I will.
+1 Reply
Rachit_Sethia Nirajkarma
@Nirajkarma, How was it today sir?
"Sensex nichhe fir bhi hum upar ho" kind of fun ?
Reply
Rachit_Sethia Nirajkarma
@Nirajkarma, Target 271 will be reached next week!
Reply
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