Time Frame – Weekly
* 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...
Time 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
The 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.
Today 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.
Long 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.
Chart -> 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!
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,...
Symmetrical 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...
**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...
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 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.