Beautiful Breakout done Max Healthcare

9 Sep 2022

**Breakout done but....candle size is huge so risk has increased so where to put stop loss ? (main concern)

**One can see, the breakout done at confluence of two trendlines- one is dash line and 2nd continue line.

** There are three touches on upper counter line and five touches on supportive trendline ( golden).

**More the touches stronger the breakout :)

**Stop loss should be below the low of this candle around 370-375

** Targets - 1st- 447, 2nd 484 , 3rd-529

** 1st target is not justified because risk reward is less than 1:1 but one should target 2nd as main target

Quote of the Day- "In life What you really want will never come easy"
* Keep Learning *