Positional ideaThe stock has given a trendline breakout, pulled back and sustaining for 4 days. Buy above 31.05 level (carry on closing basis) for positional targets 32.45 and 34.
Learn & Earn,
Dr. Tanya Kumar
MAHABANK trade ideas
Bank of Maharashtra Major support 27
(27 can work as make or break level )
Above it 30,32 possible positional
Positional or Longterm Opportunity in Bank of MaharashtraGo Long above 17.95 for Targets of 20.9, 23.85, and 26.8 with SL 15
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.618 Fibonacci level.
3. Additionally there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. In addition to this the stock gave Trendline breakout on a Monthly timeframe.
Bank of Maharashtra - Daily cmp 30.70Triangle breakout above 31.60
Targets can be 33-36-38-41
SL- closing below 28.50
*This is just a view, trade on your own risk,
bank of maharastra on weekly breakout Maha bank on breakout potential of 20-30 % roi
targets on charts
follow for more such analysis
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
Bank of Maharashtra looks goodBank of Maharashtra can be looked at CMP and decline. Expecting a target of double from here.
My idea is for educational purpose only.
Breakout in Bank of Maharashtra...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 taking any trade.
Long BOMRSI breakout done. Golden crossover soon
Also volumes are rising.
Levels are marked.
SL 19.40
Target 20.50, 21.50 ++
MAHABANK makes positive BreakOut Bank of Maharashtra makes Positive BreakOut with good volume
I'm expecting positive move in this stock
I'm sharing this stock analysis for knowledge purpose
I'm not responsible for your profit or loss
Bank of MaharashtraBank of Maharashtra ... Y-o-Y balance sheet is getting stronger...price downfall look settle on base ...for long term it might be good bet. CMP: 21 sl:15(cb) target: 28/40/60/75
Note: educational post
BANK OF MAHARASHTRA- GO LONGWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
MahBNK has the potential to go above 31.80?Answer is yes . But for achieving this target bank of maharastra must cross the trend line upwards with high volume then it will be confirmed that it will achieve the given target .. So, guys you can enter into this with conditions above . This is a short term target time duration 1-1.5 months .. Thank You.
Bank of Maharashtra potential buy setupHi 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.
MAHABANK levels...04.10.2021 ( D candle)MAHABANK forming bullish hormonic pattern...once its break 21 will soon it reach 30+ in short term
MAHABANK: Trading at a value worth buying it.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 17 to avoid unlimited losses.
Happy Trading!
Bk of Maharashtra had given breakout and Retested, might go upBank of Maharashtra has given a breakout from falling wage In the weekly chart and going to retest. there is an important support in 18rs, it may test that level and after that, it can go up soon keep your eyes on it.
Breakout in Bank Of Maharashtra...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.
Turn around stockBOM 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.
