Stock coming out of 21 week base of 34%range on a good volumes and is now sustaining above it for 2 weeks. Down week volumes are low showing strength.
170 shall act as a support as there is weekly gap away formed 170-172.65. A weekly close and a follow up thereafter shall make our view invalid.
248 - 280 - 321 - 440 are the levels that can be tested over the...
#MAXIND trading above Resistance of 174
Next Resistance is at 252
Support is at 126
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
#MAXIND trading above Resistance of 131.50
Next Resistance is at 174
Support is at 92.70
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
it broke down 100EMA.
on weekly scale, seen like a bear flag, early to call, but need to wait till weekly candle completion.
can retest previous swing high on weekly time-frame.
waiting for retest of 200EMA.
#MAXIND
- Pullback from support
- Taking support @ 150 level
- Good time to accumulate or medium term Swing Trade
Note: Please go through the chart itself for better visualization and to get Target and Stop Loss level
it is looking strong on daily, lets watch it next week as well.
it is holding levels on daily scale. let's see whether price retraces to MA or MA catch up price. let's wait for volume dry up during this consolidation or fall. and watchout for pocket pivots.
Rounding Bottom #Breakout at #MAXIND (Max India Ltd) Weekly Chart. Soon Its #Outperformed #Nifty.
BSE: 543223 / NSE : MAXIND
What Is a Rounding Bottom?
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended...
Stock Name - Max India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 106.
#This is not Buy and Sell recommendation to any one. This is for education...
One of the companies very popular among savvy investors these days.
The stock broke out and has come back to retest that breakout..makes for a low risk setup..and a potential chance for those that missed it earlier.
Long at current price with stoploss below 79 for positional investors and 81 for quick traders.
Stock Name - Max India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 417
#This is not Buy and Sell recommendation to any one. This is for education purpose...
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?
CMP- 73
SL- 64
Target- 90
-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
