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Price and trend forecast of MAXIND for Tomorrow, Weekly, Monthly

Max India Limited

Symbol: NSE:MAXIND

ISIN: INE0CG601016

225.65

As on 2024-04-12

79.80 (52W Low) 240.00 (52W High)

MAXIND's Today's Performance

Max India Limited started the day by opening at 237.40 today 2024-04-12. Its shares reached a high of 237.40 and dipped to a low of 225.65 in intraday. When the markets closed, MAXIND’s stock price settled at ₹225.65 per share. Also check out its key support and resistance levels.

MAXIND Buy/Sell Targets

Tomorrow, sell MAXIND when its price reaches ₹ 225.65 with a stop-loss order at ₹ 232.14. You can set the target price as ₹ 219.16 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MAXIND for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for MAXIND

Resistance Levels Value in ₹
Tomorrow Resistance 1 233
Tomorrow Resistance 2 241
Tomorrow Resistance 3 245

Important Supports for MAXIND

Support Levels Value in ₹
Tomorrow Support 1 222
Tomorrow Support 2 218
Tomorrow Support 3 210
Based on where the stock opens tomorrow, if MAXIND opens on a positive note, our first target will be ₹233. If Target 1 is achieved, we will aim for Target 2 which is ₹241.

But if MAXIND falls below the average value of ₹229.57, you can enter a sell side position with target number 1 - ₹222 and second target - ₹218 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MAXIND

Looking at MAXIND, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MAXIND has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MAXIND is moderate bullish.

Tomorrow's Volume based share price Forecast for MAXIND

MAXIND's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 70%.

Reversal detection for MAXIND

Predicted trend chart of MAXIND tomorrow for price forecast
MAXIND may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹236 in morning tomorrow
Target 1 tomorrow234
Target 2 tomorrow237
Target 3 tomorrow241
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MAXIND's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MAXIND opens on a positive note, our first target will be ₹233.48. If Target 1 is achieved, we will aim for Target 2 which is ₹241.32.

But if MAXIND falls below the average value of ₹229.57, you can enter a sell side position with target number 1 - ₹221.73 and second target - ₹217.82

MAXIND's Weekly Targets
1st Up Target 240.10
2nd Up Target 254.55
1st Down Target 211.10
2nd Down Target 196.55

As the week for MAXIND ended on bullish sentiments, we can expect further continuation of this sentiment. MAXIND's initial target will be 240.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 211.10 in the upcoming week.

Weekly OHLC Values
Open 217.85
High 240.00
Low 211.00
Close 225.65

Week for MAXIND started with an open price of 217.85, and the close was at 225.65. MAXIND reached the highest of 240.00 and dipped lowest up to 211.00 last week. This indicates a bullish sentiment for the week.

MAXIND full month swing targets
Monthly Up Target 1 269.10
Monthly Up Target 2 283.55
Monthly Down Target 1 182.10
Monthly Down Target 2 138.55

Targets of ₹269.10 can be expected to be reached in the coming month. Once MAXIND achieved this target, we can aim for the next upside target of ₹283.55.

MAXIND if fails to hold upside, down targets of ₹182.10 and ₹138.55 can be achieved by end of this month.

For complete three weeks if MAXIND is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

MAXIND is expected to reach the target of 233.48 in tomorrow's trading session.

After achieving the initial target in MAXIND, we will aim for higher targets of 241.32 tomorrow.

However, if MAXIND starts to trade below ₹229.57, then we will shift our focus to the sell side and aim for down targets of 221.73 and 217.82.