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.
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.