Strength Gaining Stock! #MAHABANKStrength 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.
MAHABANK trade ideas
Fundamental and Trend following approchMAHABANK 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 (Trend following) this stock (MAHABANK) is sure to turn into a multi bagger stock (by holding long term).
✅CANDIDATE FOR PSU BANK🔵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 AS TRIANGLE WITH RISING 44 EMA.
5.RSI LEVEL IS ALSO STRONG.✅
6. BREAKOUT LEVEL - 27.60
🚫This is only for Educational Purpose 🚫
➡️Consult Your Financial Advisors Before Taking Any Trade💻
Bk of Maharashtra Long (Anticipating Breakout)
Emerging Market Sector
a. WEEKLY and MONTHLY timeframe RSI above 60
b. Relative Outperformance to the broad market ( CNX500 ) recently.
1. Enter @ 26
2. Initial Stop Loss : 1/2 qty below 24 -----------------------1/2 qty below 23 on closing basis in 120min timeframe.
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