MAX HEALTHCARE - Bearish after breaking down from Double Top

Jan 16

• DOUBLE TOP PATTERN -
  
  market has broken down from perfect double top pattern indicating potential downward fall for the stock
  
  
• VOLUME SURGE -
  
  market has shown sudden volume surge recently indicating downward fall is coupled with strong volume
  
  
• NEARING 100D SMA -
  
  market is hovering above 100D sma. In past, it had touched the 100D sma whenever it has come close to it indicating market may soon fall to touch this moving average
  
  
• TARGET -
  
  price may fall till the target of 1008
  

2 days ago

Trade closed: target reached

market had reached the target within just 1 day