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....
Similar to other PSU Stocks.. Unlike other PSU stocks, this Scrip already broke out of the trendline.
For very less Risk, one can expect a great Reward in this Banks Rally.
#Watchlist
#MAHABANK (M): Looking good for a 90 target, with a stop loss of 40 WCB (CMP 54).
#Disclaimer:-View shared it for educational purposes only.
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.
NSE:MAHABANK
✅ #MAHABANK trading above Resistance of 52
✅ Next Resistance is at 64
Related charts:
Charts are 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...
📈 BSE: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...
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF BANK OF MAHARASTRA :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line
•Volume increases last Days weeks high
•Bullish...
looking good price action
if breaks high will look for long, banking stocks are very well performing this time
DISCLAIMER: I am not a sebi registered analyst. ALL POSTS ARE EDUCATIONAL PURPOSE. NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
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.
reviewing NSE:MAHABANK posted on 9th Aug 2023 when the price was 37
thereafter it made high of 51.90 and now trading at 47 giving superb 27% gains till now
more gains to come in coming months
i am expecting it to reach 100 in coming months
patience required in this PSU bank
This analysis is being done for educational and knowledge-sharing purposes.
This...
