Max Financial Services Ltd.
The stock is approaching a descending resistance line, which has been tested multiple times, indicating a possible breakout if crossed.
The RSI is at 44.54, suggesting neutral momentum with room for a bullish reversal.
The MACD is showing a bearish crossover, with the histogram in negative territory. However, watch for a potential reversal if the price moves higher.
Immediate support is around ₹870-₹900, which is also the level of the 100 EMA. Resistance is around ₹1050-₹1100, where the descending trendline lies.
Volume has been decreasing, indicating a lack of strong conviction in the recent downward move.
Watch for a breakout above ₹1050 with increased volume for a bullish reversal. If the stock holds above the support zone of ₹870-₹900, it might present a good buying opportunity with a potential target of ₹1100.
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Join our community in telegram for real time updates --- telegram.me/marketiik
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.