MAX HEALTHCARE INSTITUTE LTDMAX HEALTHCARE INS LTD (1D)
CMP 635.80
- Given breakout after retesting
- Stock has made New All Time High
- Cup & Handle Breakout
Sector : Healthcare
Industry : Hospital & Healthcare services
Market Cap : 62,643.91 cr.
Category : Mid cap
PE : 63.27
Industry PE : 61.75
PEG : 0.49
About Company
The company offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda. It provides services in the areas of cardiology, orthopedics and joint replacement, cancer, neurosciences, pediatrics, obstetrics and gynecology, aesthetics and reconstructive plastic surgery, internal medicine, eye and dental care, endocrinology, diabetes, obesity, ENT, metal health and behavioral sciences, physiotherapy and rehabilitation, and nuclear medicine, as well as minimal access, metabolic, and bariatric surgery.
Max Healthcare Institute Limited is the second largest healthcare chain in India by revenue with a network of various Healthcare Facilities, including BLK Super Speciality Hospital and Nanavati Super Speciality Hospital (post de merger of Radiant's healthcare business into the company). Its network includes four Partner Healthcare Facilities, to whom it provide healthcare services in key specialities pursuant to prevailing agreements. It has major concentration in north India with many hospitals and medical centres. located in Delhi NCR and the others in the cities of Mumbai, Mohali, Bathinda and Dehradun.
The company commenced operations in the year 2000 with its first hospital, Max Medcentre in Panchsheel Park, and expanded its operations by opening various multi-speciality hospitals and entering into arrangements with societies and trusts. It provides healthcare services across secondary and tertiary care specialities with key focus on centres of excellence ie. oncology, neurosciences, cardiac sciences, orthopaedics, renal sciences, liver and biliary sciences and minimal access metabolic and bariatric surgery (MAMBS).
In addition to the core hospital business, the company has two SBUs, namely, Max@Home and MaxLab. Max@Home is a platform that provides health and wellness services at home and MaxLab offers pathology services to patients outside of its hospitals through a variety of channels including third party hospital laboratory management.
Max Healthcare is promoted and led by Abhay Soi as its Chairman and Managing director and co promoted by KKR, the iconic Global Private equity fund. The present amalgamated company was formed subsequent to the acquisition of 49.7% stake in erstwhile Max Healthcare Institute Limited by Radiant Life Care Pvt. Ltd. (Radiant) and the amalgamation of Max Healthcare with Radiant thereafter. The amalgamated entity assumed the name Max Healthcare Institute limited. Prior to the amalgamation, Radiant was led and promoted by Abhay Soi.
Business area of the company
The company offers healthcare services through its various facilities in Delhi and the National Capital Region, and facilities in Mohali and Bathinda. It provides services in the areas of cardiology, orthopedics and joint replacement, cancer, neurosciences, pediatrics, obstetrics and gynecology. aesthetics and reconstructive plastic surgery, internal medicine, eye and dental care, endocrinology, diabetes, obesity, ENT, metal health and behavioral sciences, physiotherapy and rehabilitation, and nuclear medicine, as well as minimal access, metabolic, and bariatric surgery.
MAXHEALTH trade ideas
MaxHealth looking for max reversal #SuperchartzKey levels:
Support: 500
Resistance:600
Write-ups:
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Bank index continues to be Neutral while Nifty is Bullish Expect a fairly low move expiry on BankNifty as called earlier in the week. Strangles have had good decay so far. No surprises expected in the Repo rate announcement tomorrow given the CPI coming in within expectations.
MaxHealth bullish at ATH. Expect a good move to 690 levels.
Upcoming break out in max health care.... upcoming break out in max health care but don't be too fast to jump in .....the deal was done with huge volumes between promoter and institutions. in this type of deals they drags the price 1:1 to down side, from the low of which date the deal was happened. any day high breaks above 405 is considered as a good thrust to upside....100 point tgt and still can hold it to 700 for long term.
Today 22.08.22 could be a good price action for this stock. myself will take trade from above said levels with a quantity of 2000 around. sl can't be defined at this point however 366 with buffer could be SL if moved with momentum.
Max Healthcare Institute LtdThe Company provides healthcare services across secondary and tertiary care specialities, focusing on oncology, neurosciences, cardiac sciences, orthopaedics, renal sciences, liver and biliary sciences and minimal access metabolic and bariatric surgery (“MAMBS”) at the Network Healthcare Facilities.
Closing above 449 wil bring 500 , 522
Trading above 10 , 20 , 50 , 100 , 200 EMA
Company with good fundamentals except valuation.
Recommended to enter above 449
MAXHEALTHMAXHEALTH- It has formed descending triangle pattern. It has two possibilities. No1: If it breaks the triangle upside it will go towards the target marked.
No;2 If it breaks the triangle down side then fall will be there until its marked.
Disc: Only for learning purpose. Not trading Recommendation.
Max healthcare Max Healthcare trading in symetrical triangle pattern
Either side breakout can give good swing trading opportunity.
I am expecting upside breakout.
Risky trades can enter near below tradeline with SL below trendline on closing basis.
Safe traders can wait for breakout and enter on breakout or retest.
Targets for Swing Trading are 400, 420, 440 and 450+ too. Investors can hold for bigger targets.
Please like and follow.
-Saptarish_Trading.
MAX HEALTHCARE - Butterfly PatternThere is a trendline breakout on both Price and RSI on the weekly chart of Max Healthcare.
There is also a probability of Butterfly Pattern on the chart and if it unfolds stock can see 430, 490, and 540 levels in the coming months.
1. Type of Trade: Positional Long Trade
2. Buy on dips
3. Price Should sustain above 330 - 350 price zone.
MAX HEALTHCARE - Short-term Trend AnalysisMAX HEALTHCARE - Short-term Trend Analysis - Price action
1. Good breakout happen a week ago, and now at the retracement lower level.
2. Should not breach this level, it breach means it will be on the downtrend.
3. If the stock opens and closes above 376, then the stock 1st target will be 388 and the 2nd target is 420
4. Only for the swing trade, strictly not for the long term.... since stocks trading at 5.69 times their book value.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...