MAX HEALTHCARE - Butterfly PatternThere is a trendline breakout on both Price and RSI on the weekly chart of Max Healthcare.
There is also a probability of Butterfly Pattern on the chart and if it unfolds stock can see 430, 490, and 540 levels in the coming months.
1. Type of Trade: Positional Long Trade
2. Buy on dips
3. Price Should sustain above 330 - 350 price zone.
Maxhealthbuy
MAXHEALTH Potential Intraday/1 Week SwingMAXHEALTH has been Consolidating near the Support zone which also seems to be a prior Resistance, looks good for potential upside of 5%-8%.
Reasons to be bullish on MAXHEALTH:
1.Resistance becoming support is a bullish signal.
2.Impulse move from these levels seen before.
3.RSI is on good levels leaving space for bulls.
4.MACD is turning bullish but not moving too much, we can see it as an accumulation phase.
5.The support level is also 31.8% fib support.
BUY AVOVE: 343
Already given a breakout on 1 Hour timeframe so entry can be taken.
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