The short-term outlook is optimistic for Max Financial Services. The stock jumped more than 5% on Tuesday and closed on a strong note. This indicates the resumption of the uptrend in place since April of this year. The 21-day moving average (DMA) is about to cross the 200-DMA.
This is a strong bullish signal. Support is around ₹750. Max Financial Services share price may rise to ₹850-860 in the next two to three weeks or even earlier. Traders can go long now. Accumulate on the dips to ₹765. Keep the stop-loss at ₹740. Follow the stop-loss to ₹795 as soon as the stock rises to ₹810. Move the stop-loss to ₹820 when the price of Max Financial Services stock touches ₹835. Exit long positions at ₹845.
(Note: Recommendations are based on technical analysis. There is a risk of loss in trading.)