MAXHEALTHSYMMETRICAL TRIANGLE PATTERN BREAKOUT & retest completed
Buy @ cmp & in dips till 397 | WCBSL 388 | Tgt 475 / 530+
MAXHEALTH trade ideas
MAXHEALTHCARETime Frame - 1 Day
Study - SYMMETRICAL TRIANGLE BREAKOUT WITH GOOD VOLUME.
Target - 440+
SL - 385
Sector - Health industry
This chart is for only educational purpose. Do your own research before taking any trade. I am not a SEBI registered user
MAXHEALTH near ATH Breakout NSE:MAXHEALTH BSE:MAXHEALTH
Time Frame – Weekly
Observations :-
* Trading in Right-Angled Ascending Broadening Wedge pattern
* ATH Breakout above 458.05
* Symmetrical Triangle BO and small range (395-345) BO done last week
* Good Consolidation & Range formation going on in 320 – 458.05 range
Resistance – 555 / 665 / 765 / 870
Support – 395 – 345 zone & Daily 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Symmetrical Triangle BreakoutThe weekly chart of Max Health Care Cleary Shows a Symmetrical Triangle Breakout.
Breakout happened with a good volume bar.
The stock can touch app 480 - 500 as per the pattern. However the stock is in an uptrend.
So even when the target is achieved one may hold the stock with trailing stop loss.
Triangle pattern BreakoutToday I picked Max Health because, it broken Triangle pattern on closing basis. The following factors are considered by me for picking this.
1. High Volumes at breakout.
2. Triangle pattern breakout
3. Broken Trendline Breakout
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes
Max Healthcare Institute LtdDebt to equity 0.15
Stock is trading at 6.52 times its book value
promoters sold 32% To FIIs and DIIS last twice a year.
max is now 2nd leader
same pattern seem 1st leader Apollo Hospital.
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.
2 Amazing Swing Trades and Index Ideas for 12 September Markets I daily make educational content videos for Financial markets
Good Triangle breakout in Max Health. Good Triangle breakout in Max Health. Near term resistances are marked on the chart.
Max Healthcare BullishSymmetrical Triangle Breakout in Weekly Timeframe. Good volume is seen in daily timeframe
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.
Symmetrical Triangle Breakout at MAXHEALTHSymmetrical Triangle #Breakout at #MAXHEALTH (Max Healthcare Institute Ltd) Weekly Chart. Soon its start #Outperformed #Nifty.
BSE: 543220 \\ NSE : MAXHEALTH
Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside.
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Beautiful Breakout done Max Healthcare
**Breakout done but....candle size is huge so risk has increased so where to put stop loss ? (main concern)
**One can see, the breakout done at confluence of two trendlines- one is dash line and 2nd continue line.
** There are three touches on upper counter line and five touches on supportive trendline ( golden).
**More the touches stronger the breakout :)
**Stop loss should be below the low of this candle around 370-375
** Targets - 1st- 447, 2nd 484 , 3rd-529
** 1st target is not justified because risk reward is less than 1:1 but one should target 2nd as main target
Quote of the Day- "In life What you really want will never come easy"
* Keep Learning *
MAXHEALTHNSE:MAXHEALTH
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Max health at interesting point Max health if break 400 target is ATH.At support of Fibbo .78. Also breaking below with daily close below trend line opens the down door…Aggressive buyers can accumulate near 380 or wait to break out 400. Personally I am bullish.
MAXHEALTH - 30% upside potentialMAXHEALTH has given triangle pattern breakout with good volumes.
Entry level: 390-400
Target: 420+, 450+, 500+
SL: Dly candle close below 380.
View: 3 to 6 months
MAXHEALTHCARE - Symmetrical triangle breakoutSymmetrical triangle breakout with huge volume
Q1 result is great and this breakout has proven that market has liked the result
has been consolidating for long and it is time to move up to at least recent high
Max Healthcare Institute LtdNSEMAXHEALTHMax Healthcare Institute Ltd
NSE: MAXHEALTH
Max Breakout horizontal channel moving. Stock buy above 390 is. Good to move upside. Today strong volume with good momentum. Go for long upside target 420 and above. Thank you.
Max Healthcare ViewMax Healthcare :
Symmetrical triangle spotted
At crucial support now, might fall to 340 levels if support is broken
