Stop loss: Rs 1,240
Target: 1,305/1,330 rupees
Max Healthcare has formed a rapidly connected candle on the daily chart, indicating renewed shopping interest after a brief consolidation. Stock {1,273.90, closed up to 1.88%, with decent volume support and price rebounding from 20ma zones. Major EMAS (20/50/100) is positively aligned, indicating an auxiliary structure for the continuation of the uptrend. The RSI is at 56.24, which increases rapid speed. This value suggests the capacity for further reversal, in collaboration with strong EMA support. A purchase recommendation can be considered with 71,240 (closing base) and target 1,330 in 71,265-81,275 zone.
(Technical Research Analyst at Dramil Vitalani, Bonanza)