The stock of Max Financial Services was charting a sideways trend since mid-February. It was largely held within the support at â¹940 and the resistance at â¹1,000. On Wednesday, the scrip broke out of â¹1,000, opening the door for further rally. In the near-term, we anticipate the share price of Max Financial Services to appreciate to â¹1,070. But the stock could retrace to â¹1,000 before rallying to â¹1,070. Therefore, participants can buy this stock at the current level of â¹1,016 and accumulate in case the price dips to â¹1,000. Keep a stop-loss at â¹975 at first. Modify this to â¹1,010 when the price hits â¹1,040. Liquidate the longs at â¹1,065. In case the stock opens below â¹1,000 on Thursday, refrain from initiating longs.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Crime Today News | Markets | Commodities | Forex | Stocks
Source | Powered by Yes Mom Hosting
Crime Today News Agency