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.
MAXINDIA
Max India Ltd - Long Setup, Move is ON...#MAXIND trading above Resistance of 131.50
Next Resistance is at 174
Support is at 92.70
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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 - 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.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
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 417
#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
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
MaxIndia old support now Resistance @in_tradingviewNSE:MAXINDIA
old support is now Resistance
stand positive in negative market but with less vol.
may fall from 65 66
if close above 65 then we may see 72+
or
one can short near 65 for 60
Max India trying to bottom outMaxindia is trying to bottom out. Weekly positive #divergence in #RSI observed since April 2018 as prices made lower lows (last low of 68.75 in June 2018). Today's daily #candle made low of 75.30 and closed at 83.05. Will get interesting if it closes above 88. #watchlist