Breakout Stocks: How to trade Max Healthcare & Endurance Technologies that hit fresh 52-week high?
Indian market bounced back on Tuesday after closing in the red in the previous trading session. The BSE Sensex rose nearly 100 points while the Nifty50 closed above 25500 levels.
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Sectorally, buying was seen in oil & gas, capital goods, metal, consumer durable and telecom while selling was seen in auto, IT, power and FMCG.
Stocks that hit a fresh 52-week high include Endurance Technologies which rose more than 4%, and Max Healthcare Institute which rose 0.3% on Tuesday.
We spoke to an analyst on how one should look at these stocks for the next trading day, entirely from an educational point of view:
Analyst: Sanket Thakar, CMT, Founder – Alpha Bot Capital
ETMarkets.com
5/6
Endurance Techno has reached its all-time high resistance level, and some profit booking was seen today.
A close above the 3060 resistance level could lead to a further move toward the next resistance level at 3300. Until then, it's a wait-and-watch scenario.
ETMarkets.com
6/6
Max Healthcare is moving in an upward trend, with the nearest resistance at 1320 and support at 1176. There is a high probability of the stock reaching the resistance level shortly.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
ETMarkets.com
