MAXHEALTH - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 3.9

Technical Analysis Summary

• Trend: Consolidating near long-term support
• Moving Averages: Price (₹1,147) is slightly below DMA 50 (₹1,176) and near DMA 200 (₹1,140), indicating indecision
• RSI (51.7): Neutral zone, no strong momentum signal
• MACD (8.18): Mild bullish crossover, suggesting potential upside
• Bollinger Bands: Price near mid-band, indicating low volatility and range-bound movement
• Volume: Below average (12.1L vs 15.1L), showing reduced participation

Entry & Exit Zones

• Support: ₹1,120 – ₹1,140 (DMA 200 and recent base)
• Resistance: ₹1,175 – ₹1,200 (DMA 50 and prior swing highs)
• Optimal Entry: ₹1,130 – ₹1,145 on pullback with MACD confirmation
• Exit Zone: ₹1,175 – ₹1,200 if price stalls near resistance

Positive

• EPS of ₹7.33 and improving quarterly PAT (₹166 Cr.)
• Low debt-to-equity ratio (0.07)
• Strong DII sentiment (+2.62%)
• Price up 55.9% over 52 weeks

Limitation

• High P/E of 146 vs industry average of 59.6
• PEG ratio of 4.62 suggests overvaluation
• Decline in FII holding (-2.96%)
• Volume below average, indicating lack of strong conviction

Company Negative News

• Concerns over valuation and muted profit growth (Qtr Profit Var: 7.71%)

Company Positive News

• Expansion in hospital network and digital health initiatives
• Strong domestic demand and improving operational metrics

Industry

• MAXHEALTH operates in the healthcare and hospital services sector
• Peers include Apollo Hospitals, Fortis Healthcare, and Narayana Health

Conclusion

MAXHEALTH is currently consolidating near key moving averages with neutral technical indicators. While fundamentals show stability and institutional support, valuation concerns and low volume suggest a cautious approach. Traders may consider entry near ₹1,130 with targets around ₹1,200, watching for breakout confirmation.