MAXHEALTHCARE - Could Breakout from DTH

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MAXHEALTHCARE has resistance weakening on the Daily charts and may give a breakout with good volume in coming days.

The target of this pattern signals an upside potential of 15% from the current price level in the medium term.

The stock is trading above its 50- and 100-day exponential moving averages (EMAS) recently. Look for the range to more than 1.5X, and the Volume 1.5X the average.

CMP- Rs. 1149
Entry Price- 1200
Target Price- Rs1380 (15% upside)
SL- 1142

Need to wait for the entry to get triggered.


Disclaimer: This is not a buy/sell
recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.

Penafian

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