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Max Financial Services Limited
Buy, Hold or Sell?

Let's analyze Max Financial Services Limited together

I guess you are interested in Max Financial Services Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Max Financial Services Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Max Financial Services Limited (30 sec.)










What can you expect buying and holding a share of Max Financial Services Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
28.6%

What is your share worth?

Current worth
INR102.39
Expected worth in 1 year
INR55.92
How sure are you?
85.7%

+ What do you gain per year?

Total Gains per Share
INR-46.47
Return On Investment
-4.5%

For what price can you sell your share?

Current Price per Share
INR1,033.25
Expected price per share
INR885.90 - INR1,093
How sure are you?
50%
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1. Valuation of Max Financial Services Limited (5 min.)




Live pricePrice per Share (EOD)

INR1,033.25

Intrinsic Value Per Share

INR1,000.74 - INR2,421.48

Total Value Per Share

INR1,103.13 - INR2,523.87

2. Growth of Max Financial Services Limited (5 min.)




Is Max Financial Services Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$422.1m$472.1m-$49.9m-11.8%

How much money is Max Financial Services Limited making?

Current yearPrevious yearGrowGrow %
Making money$45.4m$30.4m$15m33.1%
Net Profit Margin1.2%0.8%--

How much money comes from the company's main activities?

3. Financial Health of Max Financial Services Limited (5 min.)




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What can you expect buying and holding a share of Max Financial Services Limited? (5 min.)

Welcome investor! Max Financial Services Limited's management wants to use your money to grow the business. In return you get a share of Max Financial Services Limited.

What can you expect buying and holding a share of Max Financial Services Limited?

First you should know what it really means to hold a share of Max Financial Services Limited. And how you can make/lose money.

Speculation

The Price per Share of Max Financial Services Limited is INR1,033. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Max Financial Services Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Max Financial Services Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR102.39. Based on the TTM, the Book Value Change Per Share is INR-11.62 per quarter. Based on the YOY, the Book Value Change Per Share is INR17.14 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Max Financial Services Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.130.0%0.130.0%0.090.0%0.110.0%0.090.0%
Usd Book Value Change Per Share-0.140.0%-0.140.0%0.210.0%0.080.0%0.180.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.020.0%0.020.0%
Usd Total Gains Per Share-0.140.0%-0.140.0%0.210.0%0.100.0%0.190.0%
Usd Price Per Share7.62-7.62-9.05-7.36-6.01-
Price to Earnings Ratio57.65-57.65-102.69-69.26-42.78-
Price-to-Total Gains Ratio-54.65--54.65-43.99-37.29-34.32-
Price to Book Ratio6.20-6.20-6.61-6.44-4.89-
Price-to-Total Gains Ratio-54.65--54.65-43.99-37.29-34.32-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share12.399
Number of shares80
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.02
Usd Book Value Change Per Share-0.140.08
Usd Total Gains Per Share-0.140.10
Gains per Quarter (80 shares)-11.158.05
Gains per Year (80 shares)-44.6132.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-45-5562722
20-89-100115354
30-134-145178086
40-178-19023106118
50-223-23528133150
60-268-28034159182
70-312-32539186214
80-357-37045213246
90-402-41551239278
100-446-46056266310

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.00.00.0100.0%7.00.00.0100.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
Dividend per Share0.00.01.00.0%0.00.03.00.0%1.00.04.020.0%2.00.05.028.6%2.00.05.028.6%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%6.01.00.085.7%6.01.00.085.7%
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Fundamentals of Max Financial Services Limited

About Max Financial Services Limited

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of Max Financial Services Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Max Financial Services Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Max Financial Services Limited to the¬†Insurance industry mean.
  • A Net Profit Margin of 1.2%¬†means that¬†₹0.01 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Max Financial Services Limited:

  • The MRQ is 1.2%. The company is making a profit. +1
  • The TTM is 1.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.2%TTM1.2%0.0%
TTM1.2%YOY0.8%+0.4%
TTM1.2%5Y1.1%+0.1%
5Y1.1%10Y1.6%-0.5%
1.1.2. Return on Assets

Shows how efficient Max Financial Services Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Max Financial Services Limited to the¬†Insurance industry mean.
  • 0.3% Return on Assets means that¬†Max Financial Services Limited generated¬†₹0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Max Financial Services Limited:

  • The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.3%TTM0.3%0.0%
TTM0.3%YOY0.2%+0.1%
TTM0.3%5Y0.3%0.0%
5Y0.3%10Y0.5%-0.2%
1.1.3. Return on Equity

Shows how efficient Max Financial Services Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Max Financial Services Limited to the¬†Insurance industry mean.
  • 10.8% Return on Equity means Max Financial Services Limited generated ₹0.11¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Max Financial Services Limited:

  • The MRQ is 10.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 10.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ10.8%TTM10.8%0.0%
TTM10.8%YOY6.4%+4.3%
TTM10.8%5Y9.9%+0.9%
5Y9.9%10Y11.7%-1.8%
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1.2. Operating Efficiency of Max Financial Services Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Max Financial Services Limited is operating .

  • Measures how much profit Max Financial Services Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Max Financial Services Limited to the¬†Insurance industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Max Financial Services Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y0.7%-0.7%
5Y0.7%10Y2.5%-1.8%
1.2.2. Operating Ratio

Measures how efficient Max Financial Services Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Insurance industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are ₹0.00 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Max Financial Services Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.277-0.277
5Y0.27710Y0.985-0.708
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1.3. Liquidity of Max Financial Services Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Max Financial Services Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Insurance industry mean).
  • A Current Ratio of 0.00¬†means the company has ₹0.00 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Max Financial Services Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.328-0.328
5Y0.32810Y0.689-0.361
1.3.2. Quick Ratio

Measures if Max Financial Services Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Max Financial Services Limited to the¬†Insurance industry mean.
  • A Quick Ratio of 0.00¬†means the company can pay off ₹0.00 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Max Financial Services Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.092-0.092
5Y0.09210Y0.452-0.360
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1.4. Solvency of Max Financial Services Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Max Financial Services Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Max Financial Services Limited to Insurance industry mean.
  • A Debt to Asset Ratio of 0.97¬†means that Max Financial Services Limited assets are¬†financed with 97.3% credit (debt) and the remaining percentage (100% - 97.3%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Max Financial Services Limited:

  • The MRQ is 0.973. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.973. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.973TTM0.9730.000
TTM0.973YOY0.967+0.007
TTM0.9735Y0.969+0.004
5Y0.96910Y0.949+0.021
1.4.2. Debt to Equity Ratio

Measures if Max Financial Services Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Max Financial Services Limited to the¬†Insurance industry mean.
  • A Debt to Equity ratio of 3,646.9% means that company has ₹36.47 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Max Financial Services Limited:

  • The MRQ is 36.469. The company is unable to pay all its debts with equity. -1
  • The TTM is 36.469. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ36.469TTM36.4690.000
TTM36.469YOY28.926+7.542
TTM36.4695Y31.813+4.656
5Y31.81310Y25.502+6.311
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2. Market Valuation of Max Financial Services Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings Max Financial Services Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Max Financial Services Limited to the¬†Insurance industry mean.
  • A PE ratio of 57.65 means the investor is paying ₹57.65¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Max Financial Services Limited:

  • The EOD is 93.804. Based on the earnings, the company is expensive. -2
  • The MRQ is 57.649. Based on the earnings, the company is expensive. -2
  • The TTM is 57.649. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD93.804MRQ57.649+36.155
MRQ57.649TTM57.6490.000
TTM57.649YOY102.689-45.040
TTM57.6495Y69.260-11.611
5Y69.26010Y42.779+26.481
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Max Financial Services Limited:

  • The EOD is 3.642. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.238. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 2.238. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.642MRQ2.238+1.404
MRQ2.238TTM2.2380.000
TTM2.238YOY3.109-0.871
TTM2.2385Y2.431-0.193
5Y2.43110Y1.618+0.814
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Max Financial Services Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Insurance industry mean).
  • A PB ratio of 6.20 means the investor is paying ₹6.20¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Max Financial Services Limited:

  • The EOD is 10.091. Based on the equity, the company is expensive. -2
  • The MRQ is 6.202. Based on the equity, the company is overpriced. -1
  • The TTM is 6.202. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD10.091MRQ6.202+3.890
MRQ6.202TTM6.2020.000
TTM6.202YOY6.613-0.411
TTM6.2025Y6.443-0.241
5Y6.44310Y4.893+1.549
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Max Financial Services Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---11.618-11.6180%17.137-168%6.921-268%14.627-179%
Book Value Per Share--102.390102.3900%114.009-10%93.870+9%59.463+72%
Current Ratio----0%-0%0.328-100%0.689-100%
Debt To Asset Ratio--0.9730.9730%0.967+1%0.969+0%0.949+3%
Debt To Equity Ratio--36.46936.4690%28.926+26%31.813+15%25.502+43%
Dividend Per Share----0%-0%1.469-100%1.306-100%
Eps--11.01511.0150%7.342+50%9.162+20%7.127+55%
Free Cash Flow Per Share--283.704283.7040%242.466+17%278.788+2%273.419+4%
Free Cash Flow To Equity Per Share--276.930276.9300%253.708+9%275.037+1%268.970+3%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--2421.484--------
Intrinsic Value_10Y_min--1000.739--------
Intrinsic Value_1Y_max--271.607--------
Intrinsic Value_1Y_min--207.751--------
Intrinsic Value_3Y_max--794.000--------
Intrinsic Value_3Y_min--534.823--------
Intrinsic Value_5Y_max--1289.793--------
Intrinsic Value_5Y_min--761.428--------
Market Cap--218192445250.000218192445250.0000%260182025103.000-16%199185142849.600+10%127178604028.750+72%
Net Profit Margin--0.0120.0120%0.008+49%0.011+9%0.016-24%
Operating Margin----0%-0%0.007-100%0.025-100%
Operating Ratio----0%-0%0.277-100%0.985-100%
Pb Ratio10.091+39%6.2026.2020%6.613-6%6.443-4%4.893+27%
Pe Ratio93.804+39%57.64957.6490%102.689-44%69.260-17%42.779+35%
Price Per Share1033.250+39%635.000635.0000%753.900-16%613.690+3%501.101+27%
Price To Free Cash Flow Ratio3.642+39%2.2382.2380%3.109-28%2.431-8%1.618+38%
Price To Total Gains Ratio-88.932-63%-54.655-54.6550%43.993-224%37.289-247%34.320-259%
Quick Ratio----0%-0%0.092-100%0.452-100%
Return On Assets--0.0030.0030%0.002+33%0.003-6%0.005-40%
Return On Equity--0.1080.1080%0.064+67%0.099+9%0.117-8%
Total Gains Per Share---11.618-11.6180%17.137-168%8.390-238%15.933-173%
Usd Book Value--422188632.000422188632.0000%472153536.000-11%360032959.200+17%337451259.600+25%
Usd Book Value Change Per Share---0.139-0.1390%0.206-168%0.083-268%0.176-179%
Usd Book Value Per Share--1.2291.2290%1.368-10%1.126+9%0.714+72%
Usd Dividend Per Share----0%-0%0.018-100%0.016-100%
Usd Eps--0.1320.1320%0.088+50%0.110+20%0.086+55%
Usd Free Cash Flow--1169802360.0001169802360.0000%1004142996.000+16%1031779060.800+13%776867800.800+51%
Usd Free Cash Flow Per Share--3.4043.4040%2.910+17%3.345+2%3.281+4%
Usd Free Cash Flow To Equity Per Share--3.3233.3230%3.044+9%3.300+1%3.228+3%
Usd Market Cap--2618309343.0002618309343.0000%3122184301.236-16%2390221714.195+10%1526143248.345+72%
Usd Price Per Share12.399+39%7.6207.6200%9.047-16%7.364+3%6.013+27%
Usd Profit--45418308.00045418308.0000%30404400.000+49%35155214.400+29%33820453.200+34%
Usd Revenue--3757927704.0003757927704.0000%3737039544.000+1%3183830013.600+18%2369698269.600+59%
Usd Total Gains Per Share---0.139-0.1390%0.206-168%0.101-238%0.191-173%
 EOD+1 -5MRQTTM+0 -0YOY+16 -135Y+21 -1410Y+16 -19

3.2. Fundamental Score

Let's check the fundamental score of Max Financial Services Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1593.804
Price to Book Ratio (EOD)Between0-110.091
Net Profit Margin (MRQ)Greater than00.012
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.973
Debt to Equity Ratio (MRQ)Less than136.469
Return on Equity (MRQ)Greater than0.150.108
Return on Assets (MRQ)Greater than0.050.003
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Max Financial Services Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5064.875
Ma 20Greater thanMa 50993.370
Ma 50Greater thanMa 100978.036
Ma 100Greater thanMa 200982.844
OpenGreater thanClose1,038.400
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets1,318,237,811
Total Liabilities1,283,055,425
Total Stockholder Equity35,182,386
 As reported
Total Liabilities 1,283,055,425
Total Stockholder Equity+ 35,182,386
Total Assets = 1,318,237,811

Assets

Total Assets1,318,237,811
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 8,865,511
Total Current Assets  (as reported)0
Total Current Assets  (calculated)8,865,511
+/- 8,865,511
Long-term Assets
Property Plant Equipment 3,857,175
Goodwill 5,252,544
Intangible Assets 2,367,105
Long-term Assets  (as reported)0
Long-term Assets  (calculated)11,476,824
+/- 11,476,824

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity35,182,386
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long term Debt Total 8,211,817
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)8,211,817
+/- 8,211,817
Total Stockholder Equity
Retained Earnings -11,094,904
Capital Surplus 46,804,521
Total Stockholder Equity (as reported)35,182,386
Total Stockholder Equity (calculated)35,709,617
+/- 527,231
Other
Cash And Equivalents3,393,510
Common Stock Shares Outstanding 343,610
Liabilities and Stockholders Equity 1,318,237,811



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
291,173,845
355,029,617
381,469,377
473,707,568
558,416,750
671,561,100
745,262,300
980,655,922
1,177,485,518
1,318,237,811
1,318,237,8111,177,485,518980,655,922745,262,300671,561,100558,416,750473,707,568381,469,377355,029,617291,173,845
   > Total Current Assets 
38,398,637
47,314,239
39,423,356
63,919,680
79,040,277
22,538,113
0
0
0
0
000022,538,11379,040,27763,919,68039,423,35647,314,23938,398,637
       Cash And Cash Equivalents 
3,790,168
2,595,899
3,333,053
3,595,415
8,254,343
5,057,400
4,474,600
5,056,727
5,689,367
8,865,511
8,865,5115,689,3675,056,7274,474,6005,057,4008,254,3433,595,4153,333,0532,595,8993,790,168
       Short-term Investments 
20,278,198
29,059,908
24,069,784
46,829,591
57,332,903
0
0
0
0
0
0000057,332,90346,829,59124,069,78429,059,90820,278,198
       Net Receivables 
6,728,485
7,065,434
5,193,488
5,309,665
6,616,878
6,343,644
0
0
0
0
00006,343,6446,616,8785,309,6655,193,4887,065,4346,728,485
       Inventory 
1,693,994
1,792,001
0
0
0
0
0
0
0
0
000000001,792,0011,693,994
       Other Current Assets 
5,710,244
6,558,508
6,712,297
8,039,698
1,012,787
3,799,644
0
0
0
0
00003,799,6441,012,7878,039,6986,712,2976,558,5085,710,244
   > Long-term Assets 
0
0
0
403,709,023
473,779,814
649,569,278
0
0
0
0
0000649,569,278473,779,814403,709,023000
       Property Plant Equipment 
12,491,519
7,993,707
981,492
883,421
809,723
303,600
255,100
3,458,785
2,972,083
3,857,175
3,857,1752,972,0833,458,785255,100303,600809,723883,421981,4927,993,70712,491,519
       Goodwill 
3,141,886
3,718,754
2,094,467
5,252,544
5,252,544
5,252,500
5,252,500
5,252,544
5,252,544
5,252,544
5,252,5445,252,5445,252,5445,252,5005,252,5005,252,5445,252,5442,094,4673,718,7543,141,886
       Long Term Investments 
231,105,893
291,373,009
336,679,835
393,757,090
188,409,544
632,447,641
0
0
0
0
0000632,447,641188,409,544393,757,090336,679,835291,373,009231,105,893
       Intangible Assets 
842,163
675,933
781,028
1,065,850
1,086,450
900
1,284,958
1,403,357
1,737,866
2,367,105
2,367,1051,737,8661,403,3571,284,9589001,086,4501,065,850781,028675,933842,163
       Long-term Assets Other 
0
0
0
241,158
223,187
5,012,385
0
0
0
0
00005,012,385223,187241,158000
> Total Liabilities 
252,384,917
315,838,819
361,812,202
458,341,567
540,224,002
650,970,700
723,797,100
947,226,303
1,138,139,390
1,283,055,425
1,283,055,4251,138,139,390947,226,303723,797,100650,970,700540,224,002458,341,567361,812,202315,838,819252,384,917
   > Total Current Liabilities 
46,000,662
45,735,273
44,180,562
51,958,891
62,762,335
13,724,037
0
0
0
0
000013,724,03762,762,33551,958,89144,180,56245,735,27346,000,662
       Short-term Debt 
7,017,880
5,435,614
0
0
0
0
0
0
0
0
000000005,435,6147,017,880
       Short Long Term Debt 
7,017,880
5,435,614
0
0
0
0
0
0
0
0
000000005,435,6147,017,880
       Accounts payable 
39,147,350
40,790,515
39,322,954
47,959,125
10,242,565
9,791,742
0
0
0
0
00009,791,74210,242,56547,959,12539,322,95440,790,51539,147,350
       Other Current Liabilities 
3,134,908
3,352,104
4,775,252
3,946,069
49,126,433
1,516,720
0
0
0
0
00001,516,72049,126,4333,946,0694,775,2523,352,1043,134,908
   > Long-term Liabilities 
0
0
0
384,598,161
456,231,743
630,052,367
0
0
0
0
0000630,052,367456,231,743384,598,161000
       Long term Debt Total 
0
0
0
0
0
0
3,192,200
2,783,922
7,680,069
8,211,817
8,211,8177,680,0692,783,9223,192,200000000
       Long-term Liabilities Other 
0
0
0
383,741,986
454,905,977
620,151,469
0
0
0
0
0000620,151,469454,905,977383,741,986000
> Total Stockholder Equity
29,841,170
33,020,161
19,657,175
15,366,001
18,192,748
20,590,400
21,465,200
33,429,619
39,346,128
35,182,386
35,182,38639,346,12833,429,61921,465,20020,590,40018,192,74815,366,00119,657,17533,020,16129,841,170
   Common Stock
532,455
533,006
533,968
534,540
536,768
538,800
539,000
690,181
690,230
687,221
687,221690,230690,181539,000538,800536,768534,540533,968533,006532,455
   Retained Earnings 
8,131,342
11,055,432
15,945,327
11,366,305
13,813,706
20,051,600
20,926,200
-14,215,901
-8,212,820
-11,094,904
-11,094,904-8,212,820-14,215,90120,926,20020,051,60013,813,70611,366,30515,945,32711,055,4328,131,342
   Capital Surplus 
0
0
3,170,903
3,226,501
3,728,067
4,187,090
4,248,358
46,790,523
46,804,521
46,804,521
46,804,52146,804,52146,790,5234,248,3584,187,0903,728,0673,226,5013,170,90300
   Treasury Stock0000000000
   Other Stockholders Equity 
95,547
295,459
6,977
238,655
114,207
125,794
220,847
164,816
64,197
1,228
1,22864,197164,816220,847125,794114,207238,6556,977295,45995,547



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue313,160,642
Cost of Revenue-0
Gross Profit0313,160,642
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income5,475,2740
 
Operating Expense (+$)
Research Development0
Selling General Administrative21,172,602
Selling And Marketing Expenses0
Operating Expense021,172,602
 
Net Interest Income (+$)
Interest Income361,700
Interest Expense-0
Other Finance Cost-361,700
Net Interest Income0
 
Pretax Income (+$)
Operating Income5,475,274
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)5,272,0715,475,274
EBIT - interestExpense = 0
3,784,859
3,784,859
Interest Expense0
Earnings Before Interest and Taxes (EBIT)05,272,071
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax5,272,071
Tax Provision-753,132
Net Income From Continuing Ops04,518,939
Net Income3,784,859
Net Income Applicable To Common Shares3,784,859
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Max Financial Services Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Max Financial Services Limited. The general trend of Max Financial Services Limited is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Max Financial Services Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Max Financial Services Limited.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 1,093.

The bearish price targets are: 1,025 > 960.00 > 885.90.

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Max Financial Services Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Max Financial Services Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Max Financial Services Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Max Financial Services Limited. The current macd is 13.27.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Max Financial Services Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Max Financial Services Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Max Financial Services Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Max Financial Services Limited Daily Moving Average Convergence/Divergence (MACD) ChartMax Financial Services Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Max Financial Services Limited. The current adx is 14.00.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Max Financial Services Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Max Financial Services Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Max Financial Services Limited. The current sar is 990.10.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Max Financial Services Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Max Financial Services Limited. The current rsi is 64.88. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Max Financial Services Limited Daily Relative Strength Index (RSI) ChartMax Financial Services Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Max Financial Services Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Max Financial Services Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Max Financial Services Limited Daily Stochastic Oscillator ChartMax Financial Services Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Max Financial Services Limited. The current cci is 249.66.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Max Financial Services Limited Daily Commodity Channel Index (CCI) ChartMax Financial Services Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Max Financial Services Limited. The current cmo is 40.82.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Max Financial Services Limited Daily Chande Momentum Oscillator (CMO) ChartMax Financial Services Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Max Financial Services Limited. The current willr is -12.79761905.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Max Financial Services Limited Daily Williams %R ChartMax Financial Services Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Max Financial Services Limited.

Max Financial Services Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Max Financial Services Limited. The current atr is 26.42.

Max Financial Services Limited Daily Average True Range (ATR) ChartMax Financial Services Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Max Financial Services Limited. The current obv is 13,638,698.

Max Financial Services Limited Daily On-Balance Volume (OBV) ChartMax Financial Services Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Max Financial Services Limited. The current mfi is 66.60.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Max Financial Services Limited Daily Money Flow Index (MFI) ChartMax Financial Services Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Max Financial Services Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-04-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-18MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-04-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-04BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-06-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-06-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-06-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-06-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-03STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-04STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-07-11STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Max Financial Services Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Max Financial Services Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5064.875
Ma 20Greater thanMa 50993.370
Ma 50Greater thanMa 100978.036
Ma 100Greater thanMa 200982.844
OpenGreater thanClose1,038.400
Total4/5 (80.0%)
Penke

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