Max India Ltd - Breakout Setup, Move is ON...#MAXIND trading above Resistance of 252
Next Resistance is at 347
Support is at 174
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MAXIND
Max India Ltd - Long Setup, Move is ON...#MAXIND trading above Resistance of 174
Next Resistance is at 252
Support is at 126
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MAXIND - Weekly Chart Analysis, CMP-212.65Stock coming out of 21 week base of 34%range on a good volumes and is now sustaining above it for 2 weeks. Down week volumes are low showing strength.
170 shall act as a support as there is weekly gap away formed 170-172.65. A weekly close and a follow up thereafter shall make our view invalid.
248 - 280 - 321 - 440 are the levels that can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MAXIND - Ichimoku Bullish Breakout Stock Name - Max India 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 106.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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