Welcome, 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...
NSE:MAXHEALTH has given a clean breakout and a simple stop loss at 620 can be followed for this share. Fundamentally we can see Hospital Stocks doing really well (business) and the numbers are definitely translating into stock price performance.
MaxHealthcare's chart indicates consolidation between two levels and is once again approaching the breakout level. A close above 630 could trigger a rapid upward movement, reaching Fibonacci levels.
BUY - 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...
Descending triangle pattern observed in daily chart
Breakout validated with OBV.
Reversal confirmed with RSI
Bullish , Target 478
Holding period 5 to 10 days
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...
Long 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.
Chart -> 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,...
On 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
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...
