COMPANY NAME – Max India

RECOMMENDATION- BUY

CURRENT PRICE -221

TARGET – 275

TIME FRAME – 1 MONTH

COMPANY BASIC INFORMATION

ISIN Id – INE180A01020
BSE Id – 500271
NSE Id – MAX
INDUSTRY – Packaging
Market Cap – 5,291.92
Book Value – 88.85
EPS (TTM) -
Price/Book – 2.56
Face Value – 2.00
P/E -
Div (%) – 0.00
Industry P/E – 27.17
P/C – 495.11
Div Yield (%) -

STOCK PRICE HISTORY (NSE)

All Time High – 1248.00
All Time Low – 44.20
52 Week High – 254.00
52 Week Low – 90.30

WEEKLY CHART-

DAILY CHART-

Recommendation-

The stock has given a breakout today out of its down sloping “return line” with accompanying phenomenal volumes, on daily charts. It is also forming an inverted head and shoulder on the weekly charts, currently forming the right shoulder and soaring towards its neckline. The up move is even supported by its RSI, signaling a positive divergence.

We recommend a Buy on the stock around 220 levels for a target of 275 in 1 month time.