Figure 1

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Figure 1

Heikin Ashi Chart

Heikin-Ashi, which translates to "average bar" in Japanese

It is a type of candlestick chart used in technical analysis to display price movements of an asset
or security.

It's a variation of the traditional candlestick chart and aims to filter out market noise and provide
a clearer picture of trend

Heikin-Ashi charts can be applied to various timeframes, from intraday to longer-term charts. Be
sure to choose a timeframe that aligns with your trading or investment strategy.

Indicator-

Bollinger band-

Upper Bollinger Band (617.40): The upper band represents two standard deviations above
the middle band. When the price reaches or exceeds the upper band, it is considered
overbought.

Middle (SMA) line (576.25): The middle band is typically a 20-period simple moving average
(though the period can be adjusted). It serves as the baseline for the Bollinger Bands and
represents the average price over the specified time period.

Lower Bollinger Band (541.10): The lower band represents two standard deviations below the
middle band. When the price reaches or falls below the lower band, it is considered oversold.

The Bollinger Bands analysis you've provided indicates that the price is currently near the upper
band, which might suggest that the asset is overbought.

Relative strength index (RSI) is a popular momentum oscillator used in technical analysis
to assess the speed and change of price movements in a financial instrument, such as a stock,
currency pair, or commodity.

RSI = 100 - [100 / (1 + RS)]

An RSI value of 47.64 for Max Healthcare suggests that the stock is currently in a neutral state,
neither overbought nor oversold, and it is trading around its recent average price levels.
An RSI value of 47.64 is below the overbought threshold of 70 and above the oversold threshold
of 30. This indicates that Max Healthcare's stock price is not in an extreme condition. It's not
showing strong upward or downward momentum at the moment.

Figure 2

MFI Money flow index - The Money Flow Index (MFI) is a technical indicator that
measures the strength and momentum of money flowing in and out of a financial instrument,
typically a stock.

MFI reading of 32.58 for Max Healthcare suggests that the stock may be experiencing moderate
selling pressure, but it is not in an extreme oversold condition.

MFI Value of 32.58: An MFI reading of 32.58 falls below the overbought threshold of 70 but is
above the oversold threshold of 30. This indicates that there has been some selling pressure in
the stock, but it is not extremely oversold. The stock is in a moderately bearish state, and there
might be room for further price decline, but it is not in a severe downturn.

ADX (Average Directional Index) is a technical indicator used to measure the strength or
intensity of a trend in a financial instrument, such as a stock, currency pair, or commodity.

ADX reading of 18.00 is below the critical level of 20. It indicates that there may not be a strong
trend in place at the moment. The market might be experiencing sideways or range-bound
trading conditions. consider your trading strategy and time frame when interpreting and using the
ADX indicator.

Figure -3

Commodity Channel Index (CCI) - is a popular technical indicator used by traders and
analysts to identify overbought and oversold conditions in a financial instrument, as well as to
assess potential price trend reversals.

CCI above +100: This suggests that the financial instrument may be in an overbought condition.

CCI below -100: This suggests that the financial instrument may be in an oversold condition.

CCI around zero: When the CCI is close to zero, it indicates that the asset's price is near its
historical average, and there may not be any strong overbought or oversold signals. Traders often
consider this as a neutral zone.
CCI value of -51.82 for Max Healthcare suggests that the stock is currently not in an extreme
overbought or oversold condition. CCI value of -51.82 for Max Healthcare suggests that the
stock is not in an extreme condition but may be experiencing some bearish pressure.
Rate of Change (ROC)- is a momentum-based technical indicator used by traders and analysts
to measure the percentage change in price between the current price and a price from a specified
number of periods ago.

ROC = [(Current Price - Price 'n' Periods Ago) / Price 'n' Periods Ago] * 100

ROC value of -0.88 for Max Healthcare suggests that the stock has experienced a relatively small
percentage decrease in price compared to the specified number of periods ago. It suggests
bearish momentum, but the magnitude of the decline is not substantial based on this value alone.

Figure 4

Moving Average Convergence Divergence (MACD)- is a popular and versatile technical

indicator used by traders and analysts to identify trends, momentum, and potential trend reversals
in financial instruments like stocks, currency pairs, or commodities.

MACD Line (Fast Line) Value of -2.95: The MACD line is currently at -2.95, which is below
zero. This indicates that the short-term EMA (12-period) is below the long-term EMA (26-
period), suggesting that the short-term momentum is bearish.

Signal Line Value of -1.35: The signal line is at -1.35, also below zero. The signal line is
derived from the MACD line, and in this case, it's lower than the MACD line.

Average True Range (ATR) is a technical indicator used by traders and analysts to measure the
volatility of a financial instrument, such as a stock, currency pair, or commodity.

ATR value of 20.16 for Max Healthcare suggests that the stock has experienced relatively high
volatility over the specified period. It means that the stock has had larger price fluctuations
during the period in question. Traders and investors should be aware of this volatility and
consider it when making trading decisions, setting risk management parameters, and assessing
the potential for price movements, such as breakouts or trend changes.

Figure 5

Williams % R -Williams %R, also known as Williams Percent Range or %R, is a momentum-
based technical indicator used to analyze overbought or oversold conditions in a financial
instrument, such as a stock, currency pair, or commodity.

%R = [(Highest High - Close) / (Highest High - Lowest Low)] * -100

The %R value typically oscillates within a range from -100 to 0, with readings above -20
indicating overbought conditions and readings below -80 indicating oversold conditions.
A Williams %R value of -62.51 for Max Healthcare suggests that the stock is not currently in an
extreme overbought or oversold condition. It falls within a neutral range, indicating a relatively
balanced sentiment.

Stochastic often referred to as simply the Stochastics or Stoch, is a popular momentum-based

technical indicator used by traders and analysts to identify potential overbought and oversold
conditions in a financial instrument. The Stochastic compares the current closing price of an
asset to its price range over a specific period

%K value, which represents the relative position of the most recent closing price within the
price range. The formula is: %K = [(Current Close - Lowest Low) / (Highest High - Lowest
Low)] * 100.

%D Line: The %D line is a moving average of %K and is used to smooth the indicator. It can
provide a clearer view of trends and reversals.

%K Line at 37.49: The %K line represents the most recent closing price relative to the price
range over a specified period (in this case, 5 periods). A %K value of 37.49 indicates that the
most recent closing price is closer to the high of the range than to the low.

%D Line at 40.38: The %D line is typically a moving average of the %K line and is used to
smooth out the indicator. In this case, the %D line is at 40.38, which is slightly above the %K
line. This indicates that the recent momentum has been slightly bullish, as the %D line is
trending higher than the %K line.

Stochastic values you provided, there is a mild indication of recent bullish momentum in Max
Healthcare, but it's not in an extreme overbought condition.