MAX HEALTHCARE INDUSTRIES, Multibaggar stock moved by more than 270% in 3 Years!!
Feb 03, 2025
We published about Max Healthcare Industries in our Jal Multibagger stock report and predicted the possibility of multi-bagger returns in the coming 1-2 years. Check out the below research we published on 28th December, 2021.
This stock has managed to hold its gain and gave more than 270% returns in the matter of 3 years and made a lifetime high of 1227.95 levels.
MAXHEALTH weekly Chart (Log Scale): Anticipated as on 28th December 2021 
Wave Analysis as on 22nd February 2024:
Multi-bagger stock recommendation: Max Health
Buy Price – Buy at cmp 413 and add more in staggered fashion on dips towards 350 levels.
Time Horizon –1 to 2 years
Investment – 5% of capital
Target price - 725 levels
Stop loss – 250 levels
Wave Analysis as on 28th December 2021 -
MAXHEALTH is in the hospital chain sector and this stock has been an outperformer since its listing in late 2020. This stock has the potential to be a multi-bagger over the next couple of years.
In the weekly chart of MAXHEALTH is moving in an impulse pattern since November 2020. The stock completed wave iv near the low of 340 levels in November 2021. After the formation of this low, price has shown recovery and has managed to reach new lifetime highs near 430 levels in the form of a primary wave (1).
The overall rise of primary wave (1) has been within the rising channel. The Ichimoku cloud is acting as a good dynamic support level for this rally and one can use dips towards the cloud as buying opportunity. Currently, intermediate degree wave v is unfolding on the upside. As per Elliottwave theory guidelines usually wave i and wave v move in equality. Here we have projected the logarithmic equality of wave i with wave ii represented by the square which gives a target close to the upper end of the channel near 725-750.
In a nutshell, MAXHEALTH seems to have started a long term up move. One can buy at current levels near 413 and add more quantity in case price dips towards 350 levels for a move towards 725 or higher levels. Place the stoploss at 250 levels which is a crucial support level.
MAXHEALTH weekly Chart (Log Scale): Happened as on 3rd February 2025.
Happened as on 3rd February 2025: Max Health was in sync with our expectations and has delivered exceptional returns, surpassing our target and achieving an impressive gain of over 270% within just 3 years. Stock showed one side rally and has touched its fresh record high near 1227.95 levels in January 2025. The overall up move has been strong with a higher high and higher low formation which keeps the Primary trend on the side of the bulls.
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