A clean breakout and retest setup in Bank of Maharashtra

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%)
bankofmaharashtrabreakoutandretestChart PatternspsubanksRectangleTrend Analysis

Disclaimer