Chart Check: With 24% rise in a month, this hospital stock hits fresh record high; time to buy or book profits?

Experts suggest that Max Healthcare’s recent rally may not be over, despite failing to maintain a fresh record high. Traders could buy the stock at present or on dips towards Rs 450-500 with a potential target of Rs 750-1,000 in the next six months, they say. On the weekly charts, the stock broke out from a trendline and has been making higher highs and higher lows for the past five weeks. Although some consolidation could occur as it trades around overbought levels, the Relative Strength Index is 78.2 and the MACD is bullish.

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