MAX INDIA
- As per previous report published on MAX INDIA stock gave sharp bullish move after breaking its trend line resistance @ 220 and after that stock touched its resistance @ 265 as mentioned in our previous report. (Click here to see previous report published on MAX INDIA).
- Now current charts indicates that stock has formed triangle formation, this indicates sharp move is expecting once stock comes out from its formation , but looking at graph no1 , stock will test its strong trend line resistance around 335, once stock closes and stays above 335 it will be favored by bulls for next few trading days. Close Watch.
- Intraday stock pick , Chart indicates once stock starts trading above 335 during market hours then intraday bulls action is expecting.
- As per graph no2. stock is moving up from 50 days moving average , this indicates that as long as stock holds above 50 DMA it will be favored by bulls. by looking closely.. stock had bounced back from its 50 DMA from last 2 times this time also it is bouncing back. Close watch as long as holds above it will favored by bulls.
- Suggested Reading - BERGER PAINTS trading above its resistance zone, will favor bulls as long as holds above.
- As per graph no3 stock major trend indiactor "MACD" is moving in +ve zone and above level zero, and other indicator "Stochastic Oscillator" is also mobing in +ve zone this indicates stock can give bull rally. Close watch.
- Click here to see all the free trading reports (tips) published by us on MAX INDIA.
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