🖊️ Medi Assist Health Services Weekly – Testing Key Resistance, Uptrend Confirmation Above Blue Trendline

1. Chart Overview The stock has been in recovery mode after a prolonged correction, inching closer to the blue trendline resistance around ₹565. This level is a crucial breakout point as it coincides with a horizontal resistance zone, making it a high-confluence level. 2. Key Price Levels Support 1: ₹524 Support 2: ₹510 Resistance: ₹565 (trendline + horizontal) 3. Technical Observations Trend: Recovering from a downtrend; a breakout above ₹565 could confirm a bullish reversal. RSI: At 56.34, showing improvement after breaking its downtrend line. Volume: Gradually improving, but a breakout candle with higher volume would strengthen the signal. 4. Strategy View Bullish Trigger: Weekly close above ₹565 → potential upside momentum. Risk Point: Failure to clear ₹565 may lead to a retest of ₹524–₹510 support zone. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.