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.
MAHABANK has its support @ 22-24 Levels. Fundamental is really good , Company income and Balance sheet has been increased of this stock. Stock is trading at its book value, its a must buy . Buy MAHABANK @ CMP Target 46/95. Duration : 1 year.
MAHABANK showed excellent quarterly results (As posted by company quarterly results) Earning growth (QoQ) is +37.5% Revenue growth (QoQ) is +10.47 (Proportional to net profit) By technical analysis SMA day 200 is Below SMA day 150 and SMA day 50 is below price, which is a very excellent condition to buy the stock. Considering fundamentals and technical analysis...
Pending GTT buy order Order @ 29.55 qty 300 Sl will decide when I get entry Waiting for buy GTT to trigger
BOM CMP 28.45 Looks bullish for new high Swing/Positional SL below 25
Bank of Maharashtra requires active stop loss management with the kind formation available here. Most likely it will try to touch 30.05 and make an attempt to break-out
MAHABANK on the verge of Weekly Cup and Handle pattern breakout with Huge volume. If it breaks and sustains we can see rally towards 40 Levels.
Bank of Maharashtra CMP 18.70 SL 17 TARGET 30++ LONG TERM.
bullish divergence in weekly chart bullish divergence in wave 2(in shorter tf) retracement till 0.618 all above suggests possible reversal targets can be 1 &1.618
Based on the price action, I have shown demand and supply zones.
according to my analysis we should buy mahabank now because it is near strong support zone and out target will be upto 25 rupees. and if we see its fundamental it profits have now turned into +ve.
Bank of Maharashtra can show 32 in Coming days or couple of weeks.
After a consolidation phase maha bank is all set to come out from the resistance
🔵ON RADAR PSU BANK - MAHABANK🔵 - STOCK NAME : MAHARASHTRA BANK - SCRIP : NSE: MAHABANK - INDUSTRY : BANKING - LTP : 25.25 - ✅TECHNICAL ANALYSIS DETAILS✅ 1.FORMING ASCENDING TRIANGLE PATTERN.✅ 2.LTP TAKING SUPPORT ON TRIANGLE.✅ 3.NEED VOLUME TRIGGER.✅ 4.TAKING SUPPORT ON TRENDLINE AS WELL...