Max India Breakout after consolidation seeing potential upside for next 3-5 days.
Call it Cup and Handle Pattern or an inverted Head and Shoulder pattern , the impact of the outcome is more or less the same.
Ride the pattern.
watch for channel breakout
I took this for swing as it gave trend line breakout and was also able to break previous week's candle high but it wasn't able to sustain. What do you guys think , is it still a candidate for swing?
Stock is well placed to go higher & higher .
-Ascending triangle breakout
-Above 50EMA comfortable
- Structure wise - (higher low into resistance)
-Volume spike is visible
- Enter now or at retracement around 71, 71.45
MaxInd . CMP : 64.15
SL 61.38 on DCB. Tgt 68.47
Max india has given symmetrical channel brkout ik upside, making it bullish
Buy Max india at 67.45
Buy in dips till 64
Tgt: 72, 76, 80
Timeframe: 2 months
stock is in uptrend.
fundamentally the stock is very bullish!
it will surely go above 80.00.
no loss guaranteed.