rvc8280

MAXHEALTH : Convergence within 2%

NSE:MAXHEALTH   MAX HEALTHCARE INS LTD
MAXHEALTH: On consolidation from past few days & currently 20/50/100/150/200 SMAS are within 2% of current close.

Add to watchlist and wait for breakout.

2022-07-15: SMA 20/50/100/ 150/200 In 2%. Stock is in Squeeze for past 3 days. Candle pattern: Dark Cloud Cover. close is above SMA 20 on D/W/M time frame. The monthly trend is +ve & Weekly trend Changed to +ve. On Weekly time frame, SMA13>SMA34>SMA 55 & Close crossed W SMA13 Upside
2022-07-19: SMA 50 crossed SMA 100. Close Cross WK & M-Pivots Upside. SMA 13 Crossed SMA 55 on a Daily time frame
2022-07-20: Cross Monthly Piv downside and candlestick formation: Dark Cloud Cover. Close Crossed W SMA 13 Downside
2022-07-29: Again SMA 50 crossed SMA 100 -Downside, Crossed Monthly Piv upsde M trend +ve & W trend Change to +ve. Again Close crossed D13, W13 Upside

Momentum is low, still in squeeze, and all SMA's are within 2% (Convergence).

Add to watchlist and wait for a breakout.

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