Market Trading Guide: Max Health, FACT and 2 smallcaps are stocks to buy on Wednesday. Up to 10% upside seen – Stock Ideas

Stop Loss: Rs 1,240
Target: Rs 1,305/1,330
Max Healthcare has formed a bullish engulfing candle on the daily chart, indicating renewed buying interest after a brief consolidation. The stock closed at {1,273.90, up 1.88%, with decent volume support and price rebounding from the 20EMA zone. Major EMAs (20/50/100) are aligned positively, indicating a supportive structure for the continuation of the uptrend. RSI stands at 56.24, signaling picking up bullish momentum. This price action, coupled with strong EMA support, suggests potential for further upside. A buy recommendation can be considered in the 71,265-81,275 zone with a stop loss of 71,240 (closing basis) and targets at ‹1,305 and ·1,330.
(Drumil Vithlani, Technical Research Analyst at Bonanza)