paddymajhi

5 time attempt - breakout with daily time frame

Long
NSE:MAXHEALTH   MAX HEALTHCARE INS LTD
corona- medical rally helps every health related share to surge its price
as newly listed share don't have much detail of monthly time frame
but on daily weekly has some good up move conviction


5 time rejection that too on short time frame suggest weak bearish pressure that can convert to bullish punch, but although this stock delay in rally but now a second rally or after consolidation phase has been started for the healthcare stock so it can take benefit from the group share.
Comment: as the covid cases cooled down, seem market to have booking profit in healthcare sector ,as stock moves in squad. please reduce your quantity in making any type of position in this stock !

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