Max Healthcare going to touch again 400 level soonOn the weekly chart, the Share after all-time high 400 level. The stock consolidated and reach near to its major support level. If he is able to hold its support level and momentum continues as per the chart then it going to test again at 400 levels in the near future.
Short term target is 370 from the current level
Long term target is 400 in3 to 6 months
MAXHEALTH
Beautiful Bullish Trendline As seen through chart, Max Healthcare is wonderfully respecting the bullish trendline and there is no need to worry until we get weekly close below this bullish trendline.
There is also forming a bullish saucer pattern at the top of chart. Weekly close above 384 is a breakout of bullish saucer pattern and once 403 is crossed on closing basis, we can see 450 too.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
MAXHEALTHNote:
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#MaxHealth.. try For Long#MaxHealth Ready for Upside Ride again,
what a company has given performance over last six months commendable
stocks seem very good on the chart, has taken multiple time support on 21ema
Stock continuously trading above vwap and 21 ema,
after 4-5 trading sessions some profit booking/ correction has been done
now Ready for upside move again.
always keep on the Radar.. can b seen 4 digit stocks in next 6 months
MAXHEALTH - Upside Movement Possible MAXHEALTH
Buy - Between 255-256
Sl- 247
Target - 270 290
MAXHEALTH has been trading on a parallel channel. So, the stock has come to the lower trendline support. Best place for entry.
We have extra confirmation through harmonics. The buying price is the PRZ area.
#MAXHEALTH CMP 244.90 #Target 271(10%+) #cnxpharma $GLD $GS $JPM#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
Max Healthcare Institute Ltd.Daily Chart Pattern
Share at all time high
Break Short time Resistance
Positive Volume Build Up
Pro
Positive last Quarterly Results
OPM % grow continuously
Profit before tax grow
Net Profit grow and all time high
Cons
Company has low interest coverage ratio.
Promoter Shareholding holding
Jun 2020 Sep 2020 Dec 2020
Promoters + 82.24 75.25 75.25
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis