Max Financial, Tata Consumer are must-have stocks on technicals; Here's why

MFSL has registered a bullish breakout from multiple chart patterns, and TCPL formed a higher top-higher bottom structure, according to Angel One's Rajesh Bhosale.

Buy Max Financial Services | CMP 1165 | SL: 1115 | TGT: 1265

 

Shares of Max Financial Services have registered a bullish breakout from multiple chart patterns. The stock has closed above its February swing high of ₹1160, confirming a rounding bottom breakout. Following a strong rally from the ₹1050 zone and a brief consolidation phase, we are now witnessing a flag pattern breakout, indicating a strong trend resumption. Both breakouts are backed by healthy volumes and a favorable setup across key indicators. We expect this positive momentum to continue in the near term. 

 

 

 

Buy Tata Consumer Product | CMP 1088 | SL: 1048 | TGT: 1150

 

Despite weakness in the broader market, Tata Consumer shares delivered a strong performance during the week. The stock has closed above its February swing high of ₹1075, establishing a higher top–higher bottom structure, which indicates the continuation of a bullish price cycle. On both the daily and weekly charts, the stock has formed strong bullish candles and closed above all major moving averages, reinforcing the positive momentum. 

 

(Disclaimer: Rajesh Bhosale is an equity technical analyst at Angel One. Views expressed are his own.)