#Max Health Care is Long with 600 target
Today i will share one multi bagger stock which we have found out after research and hard work. I will cover the analysis in two parts. Part 1 Fundamental analysis and part 2 Technical analysis.
so friends I’m talking about Max healthcare LIMITED. The company provides healthcare services focusing on cardiology , oncology, neurosciences , nephrology, liver, orthopedics, dental , skin care you name it and they have it all. The business model of the company is very robust. It has two other verticals also. The first one is Max lab and second one is Max Home Care. Max lab is dealing in pathology and has about 90 plus collection centers all over india.
Max lab has a network of 16 plus third party hospital laboratories in the country. Considering the COVID-19 situation in the last two years the path labs have done exponentially well, there revenue has grown multifold. Max Healthcare has good India presence. About 85% of its beds are in metros such as NCR, Mumbai, Punjab, Dehradun. Max home, the second vertical which provides a critical care at the doorstep of patients, home or workplace, including critical care or ICU home assistance. Lets do a Financial Check of Max healthcare .
The Debt to Equity ratio is 0.07 and the total outstanding debt is at 272 Crores. Return on equity is 1.45 %. Price to earnings of 146 and profit after tax of 272 Crores. Max healthcare total Market cap stands at 39,700 Crores which is very impressive. Lets quickly do a technical analysis Check of Max healthcare to find out the correct Entry Level .
Max healthcare is presently trading at 408 levels. this is a weekly time frame chart of Max healthcare. I will deliberately analyze the chart so that it is easily understood by everyone especially the new viewers who don’t know Ichimoku or Multi Time Frame analysis. Max health care has given a breakout out on a weekly time frame and is presently trading above the kijun sen . On the weekly time frame I see no resistance in front of Lagging Span and also the price is above the cloud with good volumes. We can see a Price and Volumes Breakout on weekly charts. any closing on the weekly time frame above 400 levels is a good entry level. Now lets go on to a lower time frame. Always remember, try to analyze the chart from a higher time frame to the lower time frame. this is part of the multi time frame analysis which we teach in detail. on a daily timeframe also if you see , Max healthcare has given a given a break out outside the cloud at 399 levels and there is no resistance in front of Lagging span.
Also, there is no resistance in front of the candle and for today's session its given closing is above the cloud. so in all aspects of technical analysis it is bullish. what will be the the targets .
I expect it to hit the levels of 460 in the short term and break above its 52 week high. In medium term my target is above 600 plus levels which denotes a Gain of 50 % from the present entry level. a multi bagger in making.
As far as the technical and fundamental analysis of the script is concerned, I am very bullish on the stock and will be going long for 600 plus targets in medium to long term with a strict stop loss at 322 levels. do like and must subscribe, share and comment. if you have any questions do put them in the comment box,
I will try to answer those questions and reply back as soon as possible thank you. God Bless You.
so friends I’m talking about Max healthcare LIMITED. The company provides healthcare services focusing on cardiology , oncology, neurosciences , nephrology, liver, orthopedics, dental , skin care you name it and they have it all. The business model of the company is very robust. It has two other verticals also. The first one is Max lab and second one is Max Home Care. Max lab is dealing in pathology and has about 90 plus collection centers all over india.
Max lab has a network of 16 plus third party hospital laboratories in the country. Considering the COVID-19 situation in the last two years the path labs have done exponentially well, there revenue has grown multifold. Max Healthcare has good India presence. About 85% of its beds are in metros such as NCR, Mumbai, Punjab, Dehradun. Max home, the second vertical which provides a critical care at the doorstep of patients, home or workplace, including critical care or ICU home assistance. Lets do a Financial Check of Max healthcare .
The Debt to Equity ratio is 0.07 and the total outstanding debt is at 272 Crores. Return on equity is 1.45 %. Price to earnings of 146 and profit after tax of 272 Crores. Max healthcare total Market cap stands at 39,700 Crores which is very impressive. Lets quickly do a technical analysis Check of Max healthcare to find out the correct Entry Level .
Max healthcare is presently trading at 408 levels. this is a weekly time frame chart of Max healthcare. I will deliberately analyze the chart so that it is easily understood by everyone especially the new viewers who don’t know Ichimoku or Multi Time Frame analysis. Max health care has given a breakout out on a weekly time frame and is presently trading above the kijun sen . On the weekly time frame I see no resistance in front of Lagging Span and also the price is above the cloud with good volumes. We can see a Price and Volumes Breakout on weekly charts. any closing on the weekly time frame above 400 levels is a good entry level. Now lets go on to a lower time frame. Always remember, try to analyze the chart from a higher time frame to the lower time frame. this is part of the multi time frame analysis which we teach in detail. on a daily timeframe also if you see , Max healthcare has given a given a break out outside the cloud at 399 levels and there is no resistance in front of Lagging span.
Also, there is no resistance in front of the candle and for today's session its given closing is above the cloud. so in all aspects of technical analysis it is bullish. what will be the the targets .
I expect it to hit the levels of 460 in the short term and break above its 52 week high. In medium term my target is above 600 plus levels which denotes a Gain of 50 % from the present entry level. a multi bagger in making.
As far as the technical and fundamental analysis of the script is concerned, I am very bullish on the stock and will be going long for 600 plus targets in medium to long term with a strict stop loss at 322 levels. do like and must subscribe, share and comment. if you have any questions do put them in the comment box,
I will try to answer those questions and reply back as soon as possible thank you. God Bless You.
Trade active:
this gem is still surving the fall
fwill make an ATH soon
fwill make an ATH soon