#MAXHEALTH (Cmp: 399.40)
Stock has formed rounding pattern and closed near its resistance level. Short term traders can accumulate stock at current levels to lower dips upto 380 level. Expecting upside move upto 440-470+ level in coming trading session with the help of support. Maintain stoploss of 350 (trail it later).
Weekly chart showing a Elliott correction wave (ABC) pattern
S&R Levels:
Resistance: 400
Support: 320
Stock all time high: 402.65
Note: Buy quantity as per your own risk and reward appetite. No huge buying at once accumulate till dips
Disclaimer: Above provided view & recommendation is posted for educational purpose. There is a risk of loss in investing or trading in securities (cash or futures or options) which you should be aware of prior to making an investment/trading decision, including the possible loss of principal. You are responsible for all investment decisions you make including understanding the risks involved, even if it is based on information. Therefore. before taking any financial decision you are requested to consult with a financial expert.
Chartbusters - chart - 6342959