MAX HEALTHCARE INDUSTRIES, Multibaggar stock moved by more than 270% in 3 Years!!
May 14, 2025
We featured Max Healthcare Industries in our Jal Multibagger Stock Report published on 28th December 2021, highlighting its strong potential to deliver Multibagger returns within 1–2 years.
Since then, the stock has not only sustained its uptrend but has also rewarded investors handsomely by delivering over 270% returns in just 3 years. In the Month of January 2025, it hit a lifetime high of 1227.95 levels, see below how we identified this stock.
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 Elliott wave 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 14th May 2025
Happened as on 14th May 2025, Max Healthcare has performed exactly in line with our expectations, delivering exceptional returns. The stock has surpassed our projected targets and gave massive gain of over 270% in just three 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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