Bouncing Back from Accumulation Zone

Sep 23

MAHABANK after a long time came back to the Accumulation Zone and now bouncing back with a King Candle and Good Volume, The longer-term trend stays intact, fundamentally a stable PSU Bank. Keep in Radar.

Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

Sep 30

Note

Approaching Accumulation Zone

Oct 8

Note

King Candle failed now testing the lower edge of the accumulation zone. LIC Bought Bank of Maharashtra recently in QIP.

Oct 16

Order cancelled

Not able to sustained.