Max Financial Services Limited

🔹 Elliott Wave Structure From the visible structure: Wave 1: ₹1,000 → ₹1,700 impulse Wave 2: Pullback to ~₹1,450 Wave 3: Strong expansion toward ₹1,750 Wave 4: Sideways channel consolidation Now likely early Wave 5 breakout attempt The recent strong green candle suggests wave extension continuation, not exhaustion. 🔹 EMA Structure (26 / 52 / 200 / 225) All EMAs are: Properly stacked (short above medium above long) Rising smoothly Acting as dynamic support Key levels: 26 EMA ≈ ₹1,626 52 EMA ≈ ₹1,514 200 EMA ≈ ₹1,126 This is textbook bullish alignment. 🔹 Channel Breakout Price was respecting a rising parallel channel. Now: Clean breakout above upper channel boundary Strong weekly momentum candle No major supply until ~₹2,050–2,100 Measured move projection on chart: ₹2,050–2,100 zone (≈12–15% upside) — technically valid.