nvestors have paid higher prices over time to buy Max Financial Services Ltd. and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has broken the resistance at 831 of a rectangle pattern, which signals a further rise. The stock has marginally broken up through resistance at rupee 854.
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An
established break predicts a further rise. The
volume balance is positive and strengthens
the stock in the short term. RSI diverges
negatively against the price, which indicates
danger of a reaction downwards. The RSI
curve shows a falling trend, which is an early
signal ofa possible trend reversal downwards
for the price as well. The stock is overall
assessed as technically positive for the
medium long term.
