MEDANTA - Technical Analysis

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

Technical Rating: 4.1

Here’s a full technical breakdown of MEDANTA (Global Health Ltd.) based on current indicators and price action

📊 Trend Overview

Current Trend: Bullish, but showing signs of short-term consolidation.

Price Action: Trading near its 52-week high (₹1,393), indicating strong momentum.

Chart Pattern: Rounded bottom breakout confirmed; recent candles suggest a pause or mild pullback.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 1,246 Bullish (Price above)

200 DMA 1,183 Bullish (Price above)

Price is comfortably above both 50 and 200 DMA, confirming long-term bullish momentum.

Short-term EMAs show flattening, hinting at possible consolidation.

📉 Momentum Indicators

Indicator Value Interpretation

RSI 62.9 Bullish, but nearing overbought zone

MACD 36.3 Positive crossover – momentum intact

Volume 3.33L Slightly below average – momentum cooling

RSI suggests strength but not extreme.

MACD remains positive, supporting bullish continuation.

📊 Bollinger Bands

Price is likely near the upper band, indicating overextension.

A pullback toward the middle band (~₹1,280–₹1,300) could offer a better entry.

📌 Support & Resistance Zones

Level Price (₹)

Major Support 1,245–1,275

Minor Support 1,300–1,310

Resistance 1,393 (recent high), 1,420–1,450 (next breakout zone)

Trendline support aligns near ₹1,280.

Breakout above ₹1,393 could trigger rally toward ₹1,450+.

🎯 Entry & Exit Zones

Optimal Entry: ₹1,280–₹1,310 (on pullback to support)

Exit Zone: ₹1,390–₹1,420 (near resistance or if RSI rises above 70)

🔄 Trend Status

Trending: Yes – bullish, but short-term consolidation likely.

Watch for volume confirmation and MACD divergence near resistance.

Would you like me to chart out a Fibonacci retracement or help build a swing trade setup based on this range? I can also track breakout levels for you.

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