CMP: 46
- Inverse Head and Shoulder pattern breakout after Q1 earnings
- >50% returns
- It's facing resistance near 61% Fibo zone
✅ Narrow range candles near the breakout zone
🟢 I will look to enter above 47
MAHABANK has given Cup n Handle pattern breakout from resistance levels of 32.5 – 35 zone.
Price has given breakout with good volumes.
Target: 48+
SL: Daily close below 35.9
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%...
Long term target above 44.80 --> 58 / 71 / 80
Short term targets marked on chart.
Buy - 44.80
Buy every major dip until 40. Value buy @ 35 as of today
Target - 47.80 / 52.50 / 57.35
SL - No SL for long term investors / 30
Consult your FA before investing.
Bank of Maharashtra continues to trend higher as the fundamentals show continuous uptrend both bottom line and topline. Prev swing of 54 zone can be tested in times to come.
A bullish Inverted H&S Breakout pattern activated on the daily chart of NSE:MAHABANK . One can create a fresh position in Mah Bank at 31.50 with a stop loss of Rs. 26.50 for a target of Rs. 42.00.
Exit the position if the stop loss triggered on DCB.
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Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1 is not met.
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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NSE:MAHABANK nicely poised for solid gains in coming months
cmp is 37
gave a weekly breakout at 26 level in dec last, then achieved a high of 36, pulled back to 23 and is now rising again
every dip is a buying opportunity
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All...
Good Breakout on Daily charts Marubozu tyoe candle (quite strong)
Weekly looks good
Psu sector looks good
Indicators Supporting
Stop loss is imp always 33 is the fixed sl closing
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