This is the analysis of MAHABANK in Daily Time Frame. Watch carefully. The chart explains itself.
Earning reports will be disclosed on 16 jan 2024. If result is good and price sustains above 50 then it will good for stock. Keep eye on this stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have...
MAHABANK-EQ
-Strong Breakout Candidate
-Round Bottom Structure Breakout
-Strong Range Accumulation
-Massive Volume Buildup
-Performing Good but had Bad Reputation
-Just for Trading & Swing not for Investment
Entry 🟢: Above 59
Target 🎯: 70, 85, 95, 100 ++
Stop loss 🔴: 53 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes....
Stock Name: Bank of Maharashtra
Symbol: MAHABANK (NSE)
Chart Pattern: Breakout of Resistance Zone
Trade Duration: Swing Trade (3 months)
Volume: Heavy volumes, indicating strong market interest.
Trade Strategy: Buy on Current Market Price (CMP) at ₹53.
Stop Loss: ₹46.50 for risk management.
Targets: ₹66.60 for potential profit.
On a daily chart, this looks good above 48.
Nearest support level at 45. Will be cautious below 42.
Trade with a strict stop loss of 5-8%.
Note: Not a buy/sell recommendation.
Greetings Folks,
today I have prepared a setup of MAHABANK on NSE
the analysis is as follows-
- price is currently facing a static resistance which has been tested earlier
- its very probable that tomorrow it may end up breaking this resistance
- wait for retest before entering as it may also be a bull trap by institutions
don't play with fire, always use a...
BUY - MAHABANK
CMP - Rs. 30
Target - 1: Rs. 52
Target - 2: Rs. 77
Target - 3: Rs. 95
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Technicals - Cup and Handle Pattern BO
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This is just a view by an expert analyst, please invest at your own risk.
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Hi Guys, another one to add to your trading basket, correction is almost complete for next wave, next move can be 5th wave or third wave of 123 move, just don't get into technicalities of waves, move is very surely come, find your spot around 17.30 to 16.30. look for breakout then buy.
Thanks & Take care.
