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...
Fundamental analysis:-
Bank of Maharashtra is a PSUBank stock which can give good returns in short as well as long term.
The stock has a good dividend yield and is available at a cheap price as per PE and PB ratios.
Technical analysis:-
The stock has given a breakout from Inverted head and shoulder pattern. A closing above 32.45 can provide more than 10%...
#MAHABANK trading above Resistance of 42
Next Resistance is at 58
Support is at 28
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
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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Stock Name - Bank Of Maharashtra
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 35
#This is not Buy and Sell recommendation to any one. This is for education...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Hello Traders,
I would buy 10,000 shares of MAHABANK at CMP: 19.05.
Then I would sell 50% quantity at 25.55 and 25% at 30.85.
The remaining 25% I would leave as it gets free. It looks like a good share as its CCI is moving upwards and so is RS14.
Also it has recently given good volume and price upmove.
Lets see how it goes.
I will still keep my SL placed at...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BOM has crossed 0.61 fibo level.
Trend changed with hugh volume support.
Major resistance at 30.30.
Bank have also turned from hugh losses to profit in last 2 years.
So positive outlook for future.
Price breaksout and reached the important resistance levels and rejected from it. Now price trying to close above the resistance levels but still it is unable to do it, when price closes above 30, then one can expect strong up movement.
On Bank of Maharashtra chart if we see that all supply zones are tested by it's lower supply zone/price actions, so as conclusion no strong supply zone on upper side. Sector chart and movement also support price to move upside. Stock will go upside eventually by crossing all supply zones slow slowly and might be create new higher highs.
#46 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever,...
Daily Chart
#RITES
NSE: RITES
Short Term Quick Profit
CMP 264.65
Target 1: 272.65
Target 2: 283
SL : 251
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern...
AS We see huge volume buying in MAHA BANK for last 4 to 5 month and rounding bottom pattern breakout we can expect a good rally from here as volume support the price.
Bank of Maharashtra is the top candidate that has been favoured for privatisation. A big run-up is very likely to happen. Buy for 42+ levels. I’m not a certified financial advisor nor a certified financial analyst nor an economist. This is for educational purposes only.
