MAXHEALTH - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Here’s a detailed technical analysis of Max Healthcare Institute Ltd (MAXHEALTH) based on current indicators and price action

📊 Trend Overview

Current Price: ₹1,274

50 DMA: ₹1,221 | 200 DMA: ₹1,104 → Price is well above both DMAs, indicating a strong uptrend.

RSI (56.4): Slightly above neutral, suggesting moderate bullish momentum.

MACD (9.92): Positive, confirming bullish crossover.

Volume: Below average, which may indicate reduced participation or pause in momentum.

📌 Trend Status: Trending upward, but showing signs of short-term consolidation.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent breakout from a Volatility Contraction Pattern (VCP) and Inverted Head & Shoulders formation

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Bollinger Bands: Price near upper band, indicating strong momentum but also potential overextension.

Volume Trend: Volume spike during breakout followed by tapering, typical of post-breakout consolidation

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🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 1,221 50 DMA, recent base

Support 2 1,104 200 DMA, long-term support

Resistance 1 1,290 Minor swing high

Resistance 2 1,314 52-week high

Major Resistance 1,350–1,375 Projected breakout zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,221–₹1,240 (on pullback near 50 DMA)

Exit Zone: ₹1,290–₹1,314 (short-term resistance)

Stop Loss: ₹1,190 (below 50 DMA)

🧠 Summary

Momentum: Bullish

Trend: Trending with short-term consolidation

Volatility: Moderate

Short-Term Outlook: Positive; watch for volume confirmation on breakout above ₹1,314

Would you like to explore how this setup compares with other hospital or healthcare stocks like Apollo Hospitals or Fortis?

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