Open long on flipping resistance of 59/60 and we good to go.. mulit year break out on the cards post which there will be a very good rally.
#DYOR as always.
Bank of Maharashtra is looking very bullish, tommorow quarterly results are expected to be published. As per repo rate stability bank may have performed good in this quarter also, hope for good results.
In upside 65 is looking promising and 84 for further.
Bank of Maharashtra is showing strong signs of a breakout from its 10-year range. It is recommended to keep a close eye on this stock as it has the potential to reach targets of 60-70-85+ in the short term.
This stock is exhibiting bullish tendencies and could present a profitable opportunity for investors.
This trade is pretty simple. Nothing much to say beside keep an eye on volumes as volume expansion can add to the view and provide more confidence while entering.
Another important point is that the stock belongs to the second best performing sector(PSU BANKS) of 2023.
CMP 44.7
SL 42
TARGET 52(15%)
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
found this pattern on the chart, I would look for genuine suggestion, what could be the next move of this share. since I am new and don't have much knowledge need suggestions.
Strength Gaining Stock!
Bank of Maharashtra #MAHABANK
1- Cup & Handle Formation
2- Breakout Possible
3- Moving up with High Weekly Volume
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
I was expecting a minimum 10 % upside momentum from the bank of Maharastra. It crosses and sustained above trendline too. Staying above all important moving averages shows bullish momentum in this stock.
