MAXHEALTH has been moving higher on the hourly chart, but the recent move towards ₹864 has faced selling pressure.
Price is now pulling back towards ₹857–₹858. Watching for a possible bearish reversal if buyers fail to regain momentum.
Entry: ₹857.25
Target: ₹823.70
Stop Loss: ₹871.85
Risk-to-Reward: 1:2.30
I prefer setups with favourable risk-to-reward ratios, controlled risk and technically justified stop losses. Proper risk and money management remain essential for every trade.
An hourly candle closing above the red stop-loss line would invalidate this bearish setup.
Technical observation only. Not investment advice.
Price is now pulling back towards ₹857–₹858. Watching for a possible bearish reversal if buyers fail to regain momentum.
Entry: ₹857.25
Target: ₹823.70
Stop Loss: ₹871.85
Risk-to-Reward: 1:2.30
I prefer setups with favourable risk-to-reward ratios, controlled risk and technically justified stop losses. Proper risk and money management remain essential for every trade.
An hourly candle closing above the red stop-loss line would invalidate this bearish setup.
Technical observation only. Not investment advice.
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.
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.