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Max India technical analysis

NSE: MAXINDBSE: 543223FinanceSmall Cap

Last close ₹149.15down ₹0.94 (0.63%)BSE ₹146.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹150.09.

52-week range of traded prices to 23 Oct 2026
₹120.00Low, 30 Mar 2026₹220.00High, 23 Oct 2025
Market cap
₹840 Cr1,580th largest listed
P/E
Lossover the last 12 months
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
−34.5%
ROCE
−33.8%
Debt to equity
0.00
Volume, NSE
54,63550.5% delivered

Price, RSI, MACD and Bollinger bands

A year of sessions on adjusted prices, to 23 Oct 2026.Max India share price history

Close with its 50 and 200-day averages

  • Close
  • 50-day average
  • 200-day average
The close is above 0 of its 8 simple moving averages (5 to 200 days) in the table below.

Moving averages, including the 50, 100 and 200 day averages

Adjusted prices, to 23 Oct 2026.

WindowSimple (SMA, DMA)Exponential (EMA)
5 days₹153.09−2.6%
10 days₹155.34−4.0%₹154.19−3.3%
20 days₹156.35−4.6%₹154.71−3.6%
30 days₹153.15−2.6%
50 days₹152.41−2.1%₹155.25−3.9%
100 days₹158.53−5.9%₹157.58−5.4%
150 days₹156.97−5.0%
200 days₹158.30−5.8%₹165.99−10.1%

Beside each average, the close against it: the close divided by the average, less one, in per cent. An exponential average weights recent closes more heavily than older ones.

Since the 50-day crossed the 200-day
199Below, 1 Jan 2026 at ₹183.56
200-day average, 20-session change
−2.0%
Sessions above the 200-day average
36of the last 250
Closes above the 20-day average
45%of the last 60 sessions
Volume-weighted average, 20 days
₹160.09
Hull moving average, 9 days
₹149.55
Ichimoku base line, 26 sessions
₹152.15

RSI, MACD and other oscillators

Adjusted prices, to 23 Oct 2026.

  • RSI, 14 days44.0
  • Money flow index, 14 days63.8
  • Stochastic %K22.6
  • Stochastic %D17.8
  • Stochastic RSI0.0
  • Williams %R, 14 days−77.4
  • Ultimate oscillator46.7
  • ADX, 14 days14.5
  • Positive directional indicator15.4
  • Negative directional indicator23.5
MACD line
−0.18In rupees
MACD signal line
0.91In rupees
MACD histogram
−1.09In rupees
Awesome oscillator
0.14In rupees
Momentum, 10 sessions
−9.27In rupees
Bull bear power, 13 days
−13.92In rupees
Commodity channel index, 20 days
−132.6No fixed range
Rate of change, 21 sessions
−1.8%Change in the close
Rate of change, 125 sessions
−4.2%Change in the close

Volatility and Bollinger bands

Adjusted prices, to 23 Oct 2026.

Bollinger bands today

Close ₹149.15
Lower band₹146.1020-day average₹156.35Upper band₹166.60
Twice the spread of the last 20 closes either side of their average.
Average true range
₹7.83In rupees, 14 days
Average true range, % of price
5.25%Of the close
Volatility, 20 days
58.5%A year
Volatility, 30 days
55.9%A year
Volatility, 60 days
44.8%A year
Bollinger band width
13.1%Of the 20-day average
  • 30-day volatility, place in its year80%
  • Band width, place in its year44%
  • 21-session change, place in its year53%

Beta, highs and deepest falls

Against the Nifty 500, to 23 Oct 2026.Max India PE ratio and valuation

Beta against the Nifty 500

  • 1 month0.53
  • 3 months1.05
  • 1 year1.37
  • 3 years0.94
1: moves as the Nifty 500 does

Deepest fall from a high

  • 1 year−43.4%
  • 3 and 5 years10 Jul 2024 to 30 Mar 2026; Nifty 500 −10.7% over the same days−62.7%
Highest close since Aug 2020
₹329.6010 Jul 2024, 835 days before 23 Oct 2026
Correlation, 1 year
0.43
Correlation, 3 years
0.30

Volume, delivery and notable sessions

Volume restated for splits and bonuses, to 23 Oct 2026.

Volume against the 50-session average

  • Latest day0.62×
  • Latest week0.35×
  • Latest month0.53×
1×: a usual session
Volume on rising days
71%of the last 20 sessions' volume
Volume trend, 20 sessions
+42.9%
Delivery against usual
−0.7
Delivery, last 5 sessions
48.9%
Delivery, last 21 sessions
46.4%
Price band
20%₹120.08 to ₹180.10 on 23 Oct 2026
Impact cost
0.41%

Delivery, last 10 sessions

  • 23 Oct50.5%
  • 22 Oct58.5%
  • 21 Oct48.3%
  • 19 Oct51.9%
  • 16 Oct38.7%
  • 15 Oct47.8%
  • 14 Oct41.1%
  • 13 Oct20.2%
  • 12 Oct59.6%
  • 9 Oct46.1%
+46.4%: the last 21 sessions together
  • Oct6TueLargest moveup 10.46%
  • Jul27MonBusiest4.3× usual volumeup 1.56%
  • Jul24FriBusiest and largest move47.2× usual volumeup 9.94%
  • May27WedBusiest and largest move16.1× usual volumeup 13.73%
  • Apr1WedLargest moveup 14.81%

Of the last 250 sessions: the three with the most shares traded against the 50 sessions before each and the four largest moves of the close, up or down.

Pivot points: support and resistance

On adjusted prices.

For the session after 23 Oct 2026, from that day's open, high, low and close.

Classic levels and the latest close

R3₹161.47
R2₹156.68
R1₹152.92
Pivot₹148.13
S1₹144.37
S2₹139.58
S3₹135.82
Close ₹149.15
LevelClassicWoodieCamarillaFibonacciDeMark
Resistance 3 (R3)₹161.47₹161.98₹151.50₹156.68–
Resistance 2 (R2)₹156.68₹156.94₹150.72₹153.42–
Resistance 1 (R1)₹152.92₹153.43₹149.93₹151.40₹154.80
Pivot point₹148.13₹148.39₹148.13₹148.13₹149.08
Support 1 (S1)₹144.37₹144.88₹148.37₹144.87₹146.25
Support 2 (S2)₹139.58₹139.84₹147.58₹142.85–
Support 3 (S3)₹135.82₹136.33₹146.80₹139.58–

Classic pivot levelsWoodie pivot levelsCamarilla pivot levelsFibonacci pivot levelsDeMark pivot levels

Returns and price ranges

Close to close on adjusted prices. The latest month and year run to 23 Oct 2026.

Last 12 months, per cent

  • Return
  • Loss
Best month Apr 2026, +26.4%; worst Mar 2026, −19.5%.

Last 10 years, per cent

  • Return
  • Loss
Best year to Dec 2024, +66.4%; worst to Dec 2025, −32.1%.
Low to highLatest close ₹149.15
WindowChange
1 week−5.7%₹143.35₹158.14
1 month−0.4%₹142.16₹169.00
3 months−10.0%₹135.30₹189.13
6 months−4.2%₹135.30₹189.13
2 years−44.8%₹120.00₹320.69
3 years+10.3%₹120.00₹338.00
5 years+96.3%₹67.00₹338.00
Lowest low and highest high over each window, on adjusted prices; change is close to close. The last year's range of traded prices is at the top of the page.