"Bank of Maharashtra" - A cheap Buy amid priciey stocks.
📈 
MAHABANK Technical Analysis (Jan 3, 2024) 📊
Current Price: ₹47.10 INR
Technical Observations:
1. Support Levels:
• Began the day above 0.50, a key support level. 🛡️
2. Fibonacci Levels:
• Surpassed the 0.618 Fibonacci level, suggesting upward momentum. 🚀
3. Parabolic SAR:
• Awaiting a bi-signal for a potential short-term bearish trend. 📉
4. RSI & Stochastic RSI:
• K value at 40.04 and D value at 27.90, indicating an oversold condition. 💰
5. MACD:
• Observing a potential crossover with MACD at 0.27 and 0.22. 🤑
6. EMA & MA Crossover:
• Anticipating a 50-day and 200-day EMA and MA crossover in the next two days. 🔮
Fundamental Analysis:
• Price to Earnings Ratio: At 9.14, indicating the stock is still potentially undervalued. 💼
• Income Statement Trends:
• Net margins showing a nearly flat yet improving trend. 📈
• Increasing net profit, supporting a positive outlook. 💹
Trade Strategy 📝:
• Entry Point: Entry recommended if stock opens at ₹0.614 or above on Jan 4, 2024. 🎯
• Target Prices:
Disclosures and Disclaimers:
• Analysis is a personal opinion, not financial advice.
• No financial advisor-client relationship established.
• Trading involves risk; assess your financial position.
• Information may contain errors; verify independently.
• No liability for reliance on this analysis.
• Past performance not indicative of future results.
• No conflict of interest declared.
Hashtags:
#BankOfMaharashtra #TechnicalAnalysis #TradingView #StockMarket #Finance #Investing StockAnalysis #Fundamentals #P/E #NetMargins #TradingStrategy
MAHABANK Technical Analysis (Jan 3, 2024) 📊Current Price: ₹47.10 INR
Technical Observations:
1. Support Levels:
• Began the day above 0.50, a key support level. 🛡️
2. Fibonacci Levels:
• Surpassed the 0.618 Fibonacci level, suggesting upward momentum. 🚀
3. Parabolic SAR:
• Awaiting a bi-signal for a potential short-term bearish trend. 📉
4. RSI & Stochastic RSI:
• K value at 40.04 and D value at 27.90, indicating an oversold condition. 💰
5. MACD:
• Observing a potential crossover with MACD at 0.27 and 0.22. 🤑
6. EMA & MA Crossover:
• Anticipating a 50-day and 200-day EMA and MA crossover in the next two days. 🔮
Fundamental Analysis:
• Price to Earnings Ratio: At 9.14, indicating the stock is still potentially undervalued. 💼
• Income Statement Trends:
• Net margins showing a nearly flat yet improving trend. 📈
• Increasing net profit, supporting a positive outlook. 💹
Trade Strategy 📝:
• Entry Point: Entry recommended if stock opens at ₹0.614 or above on Jan 4, 2024. 🎯
• Target Prices:
- • First Target: ₹48.85 🎉
- • Second Target: ₹50.55 🌟
- • Stop Loss: If price falls below ₹45.20. 🛑
Disclosures and Disclaimers:
• Analysis is a personal opinion, not financial advice.
• No financial advisor-client relationship established.
• Trading involves risk; assess your financial position.
• Information may contain errors; verify independently.
• No liability for reliance on this analysis.
• Past performance not indicative of future results.
• No conflict of interest declared.
Hashtags:
#BankOfMaharashtra #TechnicalAnalysis #TradingView #StockMarket #Finance #Investing StockAnalysis #Fundamentals #P/E #NetMargins #TradingStrategy
Trade active
We need to maintain the position as such.Trade closed: target reached
Target Overshot and one of the best performance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.