MEDANTA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.1

Here’s a detailed technical analysis of Global Health Ltd (MEDANTA)

📈 Trend Analysis

Current Price (₹1,373) is above both 50-DMA (₹1,341) and 200-DMA (₹1,238) — indicating a bullish trend.

52-week Index at 84.0% shows the stock is trading near its yearly high of ₹1,456, suggesting strong upward momentum.

Trend Status: Trending upward, but with signs of consolidation.

🔍 Momentum Indicators

RSI (50.6): In the neutral zone, indicating lack of strong momentum — neither overbought nor oversold.

MACD (2.00): Slightly positive — suggests mild bullish crossover, but momentum is soft.

Volume: At 1.93L, significantly below 1-week average (4.30L) — indicates cooling interest and possible consolidation.

📊 Chart Patterns & Moving Averages

Price is above key moving averages, confirming bullish bias.

Support Levels

₹1,341 (50-DMA)

₹1,300 (recent swing low)

Resistance Levels

₹1,400–₹1,420 (recent top zone)

₹1,456 (52-week high)

📉 Bollinger Bands

Price is near the middle band, with bands narrowing — a sign of volatility contraction.

Watch for volume breakout to confirm next directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,340–1,360 Near 50-DMA and support zone

Exit (Short-Term) 1,420–1,450 Resistance zone, potential reversal

Stop Loss 1,300 Below swing low and trendline

🧭 Summary

Trend: Bullish, with signs of consolidation

Momentum: Mild, awaiting breakout

Volatility: Low, with expansion potential

Ideal Strategy: Accumulate near ₹1,340–₹1,360 with target ₹1,420–₹1,450. Watch for MACD strengthening and RSI crossing 55+ for confirmation.

Would you like to compare this setup with other hospital or healthcare stocks for broader positioning?

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