Thyrocare for 70%+ gains after correctionDate: 3 Nov’24
Symbol: THYROCARE
Timeframe: Daily
Apparently, Thyrocare seems to be in Wave III which could conclude around 1000. Post which Wave IV correction could come down to 840-820 levels marked as Demand Zone in the chart. And Wave V then will be heading to 1430 to 1500 levels (70%+ from 830 levels) depending on where Wave IV ends. Its all time high price is 1465.
This is not a trade recommendation. Please do your own analysis.
HINGLISH VERSION
Jaahir taur par, Thyrocare Wave III mein lagta hai jo 1000 ke aaspaas samaapt ho sakta hai. Jiske baad Wave IV chart mein Demand Zone ke roop mein ankit 840-820 ke star tak neeche aa sakta hai. Aur Wave V tab 1430 se 1500 ke star (830 ke star se 70%+) ki taraf badh jaega, yah is baat par nirbhar karega ki Wave IV kahaan samaapt hota hai. Thyrocare ki all time high keemat 1465 hai.
Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karein.
Maxhealthcare
Metropolis Healthcare for 140%+ gainsDate: 12 Oct’24
Symbol: Metropolis
Timeframe: Weekly
Metropolis Healthcare seems to be in Wave 3 in larger timeframe which is heading towards its all time high (ATH) of 3575 (~57% from current price of 2275) as seen in the chart. Wave 4 is likely to come down to around 2700 levels and in Wave 5, it could target 5500-6000 (140%+ from current price). A good year ahead likely for this diagnostic company.
Interestingly, the waves could also coincide with a Cup & Handle pattern formation as seen in the chart. Please note this is a long shot so take it with a pinch of salt. However, one can be confident to enter until the ATH (whatever route the price movement takes).
This is not a trade recommendation. Please do your own analysis. And I’ve the right to be wrong.
Aisa lagta hai ki Metropolis Healthcare badi samay seema mein Wave 3 mein hai, jo 3575 ke apane sarvakaalik uchch (ATH) (2275 ki vartamaan keemat se ~57% high) ki or badh raha hai, jaisa ki chart mein dekha gaya hai. Wave 4 ke 2700 ke star tak neeche aane ki sambhaavana hai aur Wave 5 mein, yeh 5500-6000 (maujooda keemat se 140%+) ka lakshya rakh sakta hai. Is diagnostic company ke lie aane vaala saal achchha rahane kee sambhaavana hai.
Dilchasp baat yah hai ki Waves Cup aur Handle ke gathan ke saath bhee mel kha sakti hain jaisa ki chart mein dekha gaya hai. Kripya dhyaan den ki yah ek lamba shot hai isliye ise thodi satarkta se trade karein. Haalaanki, koi bhi ATH (keematon mein utaar-chadhaav chaahe jo bhee raasta apanae) tak pravesh karne ke lie aashvast ho sakta hai.
Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan swayam karen. Aur mujhe galat hone ka adhikaar hai.
Unveiling the Potential in MAXHEALTH's Current TrendWelcome, traders! Today, we're diving into a fascinating analysis of MAXHEALTH, a stock that's showing some intriguing movements on the charts.
Understanding the Current Situation
MAXHEALTH has been a topic of interest lately, especially as it comes down from its all-time high.
Our focus will be on its behaviour around the 125 minute demand zone.
We'll analyse its movement on different time frames to get a comprehensive view.
Technical Analysis of MAXHEALTH
On the the daily chart, MAXHEALTH displays a clear uptrend. Notably, the price is reacting from the 20-day Exponential Moving Average (EMA 20) and an uptrend line. This confluence of indicators suggests a strong bullish momentum.
Furthermore, in the weekly chart, there are no significant supply zones overhead, indicating a relatively clear path for potential upward movements.
The Power of Demand Zones
In our 125 minute chart, we observe a robust demand zone. After this zone was established, MAXHEALTH broke its previous all-time high. The price has now returned to this demand zone and is showing positive reactions.
Trading Strategy and Risk Management
Considering the current scenario, planning a buy trade seems promising. Your stop loss (SL) should be placed just below the demand zone. As there are no immediate supply zones on the HTF, one could consider riding the rally, periodically trailing the stop loss.
For those targeting specific gains, the first target could be the all-time high of MAXHEALTH.
Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst.
BREAKOUT IN MAXHEALTHBUY - MAX HEALTHCARE INSTITUTE
CMP - Rs. 471
Target - Rs. 710
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Technicals -
1) Bullish Symmetrical Triangle BO
2) Multiple Resistance BO
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Fundamentals -
1) Financial Analysis:
Looking at the financial performance of Max Healthcare, we can see that the company has shown consistent growth over the years. The revenue of the company has increased from INR 2,880.56 crore in FY2019 to INR 3,247.76 crore in FY2021, which is a CAGR of 12.6%. The company has also been able to maintain its gross margins at around 27-28% over the past three years. However, the company has been reporting losses for the past three years due to high finance costs and depreciation expenses.
The company's debt-to-equity ratio stands at 1.5, which is higher than the industry average of 0.6. The high debt levels can be attributed to the company's expansion plans and investments in new hospitals and diagnostic centers. However, the company has been able to service its debt obligations without any major issues.
2) Valuation:
Max Healthcare's current market capitalization is around INR 7,000 crore, and the stock is trading at a P/E ratio of around 108x. This valuation seems high compared to the industry average of 28x. However, the high P/E ratio can be justified by the company's growth prospects and the potential for higher profitability in the future.
MAXHEALTH - Ichimoku Bullish Breakout Stock Name - Max Healthcare Institute Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 460
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Maxhealth to take long entryLong max health care above 410 after the BO of the marked trend lines. Stock in the consolidation phase for a long time. High probability that the stock can move upwards as the long-term trend of the stock is in the uptrend. Long above 410 for the target level of 450-460 with SL of 385. This is for your educational purpose only.
Symmetrical triangle breakout in Max HealthChart -> Max Healthcare Weekly
After a beautiful uptrend, a consolidation was needed and that is what exactly has happened in Max Healthcare. A picture-perfect symmetrical triangle!
CMP: 413
Targets: 430, 458, and more
SL: 375, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
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
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.