MAXHEALTH trade ideas
MAX HEALTHCAREstock is been in an uptrend for more then 6 months now although its in a range stock has been giving consistent profits the stock plummeted the last 2 days and i see more upmove ahead
Short Term pick up ✌✌This scrip is making higher & Higher and it is expected to follow the same pattern. So traders keep on your radar and enjoy the profit. Thanks to all.
#MAXHEALTH CMP 244.90 #Target 271(10%+) #cnxpharma $GLD $GS $JPM#MAXHEALTH
NSE: MAXHEALTH
CMP 244.90
Target : 271
SL 228
RR Ratio > 1.5
Time Frame < 45D
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Max Healthcare A long term BetA 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
MaxHealth going to continue Bull Rally? * Range breakout and closed above the breakout
* breakout with good volume
* Descent R:R
Note: Always enter into a trade with Good confirmation, good entry really makes the Difference.
****For Knowledge Purpose only.
MAXHEALTHCARE - resistance turning supportone 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%.
looks good for short termlooking at past performance of the stocks we can see the rectangle pattern or range formation. as we got a breakout we know who is the winner. we will look for buying opportunity once the high is taken out and our sl as the small pullback candle with small buffer below zone . keep this in watch list
5 time attempt - breakout with daily time framecorona- medical rally helps every health related share to surge its price
as newly listed share don't have much detail of monthly time frame
but on daily weekly has some good up move conviction
5 time rejection that too on short time frame suggest weak bearish pressure that can convert to bullish punch, but although this stock delay in rally but now a second rally or after consolidation phase has been started for the healthcare stock so it can take benefit from the group share.
Max Health Care - Huge Upside from here ??Perfect DARVAX box break out
Today Retest is done
Target 265-270 in near term
SL 239
Max health bullishMax health (CMP: 245) has broken the rectangular pattern with huge volume, looks good for upside
MAXHEALTH - BreakoutMAXHEALTH has given a breakout from the range and its also accompanied by RSI breakout of trend line and it has crossed the RSI 60 levels.
The stock seems to be Bullish as it has crossed RSI 60.
BOX Range Breakout PotentialBox Breakout potential above 242
Target : 272
SL: 222
Time Frame : 1 month approx
Risk is yours and Reward is too yours totally
MAX HEALTHCAREMAX HEALTH CARE
Range bound market
Can expect a breakout in either side.
Trade according to the levels
Tough Resistance - MAX HEALTHThere have been multiple rejections at the resistance level of 240. Also, the stock has started to trade in Rectangle within the range 215-240. Keep an eye for breakout or breakdown.
watch for range breakoutmax health is in a uptrend taking support on trendline and rising.
again it is trading in a range and can give breakout.
buy above 242 in intraday use 5 minute chart support as SL.
for swing trade if it closes below trendline on daily basis than exit.
max healthcare swing trade 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
High Volume & Trendline Support in Max HealthcareNSE:MAXHEALTH
Max Healthcare is in uptrend. Further upmove is expected due to 3 reasons:
1. Trendline support
2. Pharma/Healthcare in focus
3. High Volumes
