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...
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
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.
The stock is clearly visible to be taking support of the 20 and the 50 EMA , one may go long Positional at CMP with a TRAILING STOP LOSS RS 2-4 below the 50EMA line.
A good Long term bet on the basis of fundamentals ,future plans ,Revenue generation and Technical Analysis
This is purely for education purpose invest at your own risk
one of the best example of switching resistance zone to support. as stock looks to be in bullish move which moved side ways for some time from 15th of may. Further breaking resistance zone on 3rd June and retested it on 7th again.
stock mostly will move bullish from here, following the previous trend and make high of atleast 10 to 12%.
watch max healthcare breakout and hold on to the stock until 100 days ema crosses above the current market price. this is purely for education purpose invest at your own risk
