stocktrading1988

Upcoming break out in max health care....

stocktrading1988 Updated   
NSE:MAXHEALTH   MAX HEALTHCARE INS LTD
upcoming break out in max health care but don't be too fast to jump in.....the deal was done with huge volumes between promoter and institutions. in this type of deals they drags the price 1:1 to down side, from the low of which date the deal was happened. any day high breaks above 405 is considered as a good thrust to upside....100 point tgt and still can hold it to 700 for long term.
Today 22.08.22 could be a good price action for this stock. myself will take trade from above said levels with a quantity of 2000 around. sl can't be defined at this point however 366 with buffer could be SL if moved with momentum.
Comment:
the day it updated is 22.08.22 close price 377 it aslo have acheived its tgt 100 points made high of 482 till date 08.03.23 ...those who entered below 400 pls be patient this stock will give you amazing return. above 700 . 70% of floating shares were accumulated by fiis and diis only rest is for promoter and public. Once fall below 410 then it have a very best cushion at 350-366... so traders who entered between 400-410 exit and take a re entry below at least 379 level. These peoples may book profits at anytime from here because they were fully loaded. they have started selling in nov 2022. so be cautious in this stock. its a very good one for long run.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.