MAXHEALTH - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of Max Healthcare Institute Ltd (MAXHEALTH)

📊 Trend Overview

Current Trend: Mildly bearish

Phase: Consolidating with downside bias

Bias: Neutral to negative, with weakening momentum and resistance near key moving averages

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹1,201

200 DMA: ₹1,134

Current Price: ₹1,175

Price is below 50 DMA but above 200 DMA → signals short-term weakness within a broader uptrend

Flattening 50 DMA suggests loss of momentum

🔹 RSI (Relative Strength Index)

RSI: 45.5

Neutral zone → no overbought/oversold signal

Indicates indecision and lack of strong momentum

🔹 MACD (Moving Average Convergence Divergence)

MACD: -16.2

Negative MACD → confirms bearish momentum

No crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands are narrowing → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 37.78 lakh

1-Week Avg Volume: 34.00 lakh

Slightly above average → suggests speculative interest

Not backed by strong price action → lacks conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,150 Minor support zone

Support 2 1,100 Previous swing low

Resistance 1 1,201 50 DMA, immediate ceiling

Resistance 2 1,250 Intermediate resistance

Resistance 3 1,314 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,140–₹1,160 (on pullback near support)

Exit Zone / Profit Booking: ₹1,250–₹1,314 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹1,201 with volume

Volume: Slightly elevated, but not enough for breakout confirmation

🧭 Conclusion

MAXHEALTH is currently consolidating with a mild bearish undertone. Technical indicators show indecision, and the price is struggling to reclaim the 50 DMA. Traders may consider accumulating near ₹1,140 with a tight stop-loss, targeting ₹1,250–₹1,314 if volume confirms a breakout.

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