Max Healthcare Institute shares have slid sharply, closing near ₹1,069 with heavy selling volume. On the Elliott Wave front, price appears to have completed Wave W at 1,060 after a clean five-wave decline. With RSI deeply oversold, a relief rally in Wave X could unfold, but the larger structure still favors another leg down into Wave Y, with the major demand zone around 980–940 in focus.
The overhead resistance supply zone near 1,120–1,140 remains the key cap for any bounce. Unless price reclaims this zone with strength, the downward bias prevails.
What makes this interesting is the fundamental backdrop:
Despite these strong numbers, technicals are hinting at caution — proving that even fundamentally solid stocks can correct when sentiment turns.
Bias: Short, unless Wave X reclaims supply convincingly.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
The overhead resistance supply zone near 1,120–1,140 remains the key cap for any bounce. Unless price reclaims this zone with strength, the downward bias prevails.
What makes this interesting is the fundamental backdrop:
- Revenue grew from ₹1,542 crore in June 2024 to ₹2,027 crore in June 2025.
- Net profit held steady above ₹300 crore in the latest quarter.
- Annual revenue surged from ₹2,504 crore in 2021 to ₹7,028 crore in 2025, with net profit crossing ₹1,075 crore.
Despite these strong numbers, technicals are hinting at caution — proving that even fundamentally solid stocks can correct when sentiment turns.
Bias: Short, unless Wave X reclaims supply convincingly.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
WaveXplorer | Elliott Wave insights
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.