MAX HEALTHCAREMAX HEALTH CARE
Range bound market
Can expect a breakout in either side.
Trade according to the levels
MAXHEALTH trade ideas
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
Max healthcare 1:2 RR SetupAs the cases of covid increases day by day hospitals will be making much profits in coming quarters .
MAX health insurance uptrend chart As we see the chart this stock is going to reach it support which is in range of 220-215 then buyer going to buy it. The support and resistance of this stock is going to increase over a time. we don't know when this stock is going to reach is resistance.
Target for me BUY -(220-215)
SELL- (255-245)
Let watch this stock for few days because current situation of our country depend a lot. i think price is going to fall a bit when this stock reach its support and follow the uptrend we can buy that time. we see the channel of this stock range from (30-40) rs.
These are my assumption please comment your thinking regarding this.
I am here to learn from you
MAXHEALTHBuy the green trendline & trail with support level of 180 . Higher highs, higher lows - UPTREND
Ascending TriangleTarget 268
Stop loss 200 in weekly chart.
Health care sector has good future and government has also expand their spending.
Max Healthcare Institute Ltd.Daily Chart Pattern
Share at all time high
Break Short time Resistance
Positive Volume Build Up
Pro
Positive last Quarterly Results
OPM % grow continuously
Profit before tax grow
Net Profit grow and all time high
Cons
Company has low interest coverage ratio.
Promoter Shareholding holding
Jun 2020 Sep 2020 Dec 2020
Promoters + 82.24 75.25 75.25
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
MAXHEALTHGood Breakout
CMP 218
Stock in Good Uptrend.
Short Term Swing Traders can go long with Small SL of 196
For people who want to keep this one for bit long can also use 181 on CLBS as SL.
MAXHEALTH is due for a quick correctionDouble confirmation on RSI and Stoch RSI as it is in the over-bought zone.
max healtcare ltd This script has the second largest chain of hospitals in India. Its hospitals are in all major metro and non-metro cities of India. It has recently been listed on the stock exchange. The first-quarter result of 2020 is affected by COVID-19, wherein the company has reported a loss of around 350cr. But before this the company has been consistently reporting good numbers before being listed to the stock exchange, the stock is at fair value but has a huge potential to go upside in the coming years. Buy on every downside and accumulate at a lower-level, I can see an upside of 300 points from the current market price. kindly do your own research before investing in the stock.
