Swing Trade IdeaI 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 trade ideas
MAHABANK Is a good Stock to buy for Longterm.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.
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).
Mahabank CNC buy stopPending GTT buy order
Order @ 29.55
qty 300
Sl will decide when I get entry
Waiting for buy GTT to trigger
Break-out trade for Bk of MaharashtraBank 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 Ready for a Big MoveMAHABANK 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.
MAHABANK wave 3 started retracement till 0.618bullish 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
Bank of Maharashtra:- price action based study. Educational purpBased on the price action, I have shown demand and supply zones.
maha bank buy signalaccording 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.
Mahabank on breakoutAfter a consolidation phase maha bank is all set to come out from the resistance
✅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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