BANK OF MAHARASHTRASWING TRADE:
BANK OF MAHARASHTRA, big breakout coming in this.
Buy if close above 27.4
MAHABANK trade ideas
Mahabank - On important levelsPrice 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.
Bank of Maharashtra longOn 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 MAHA BANK SWING ANALYSIS#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, jindal steel, india bulls, dabur , tata power.
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BANK OF MAHARASTRA HUGE VOLUME POTENTIAL TO GIVE GOOD RETURNAS 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.
MAHABANK: BREAKOUT IN THIS TOP DIVESTMENT CANDIDATE !!! 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.
Mahabank - Bank of Maharashtra BreakoutBreak Out Rally & Golden Cross : The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock's short-term moving average crosses above its long-term moving average.
My views on BOM - PSU Banks under PCA framework of RBI like CentralBank, IOB, UCO, PSB, BOI will not supersede BOM as it is not part of the PCA. RBI & Nitiayog are not keen to push these PCA PSU banks as these banks are on steroid after capital infusion of 20,000Crs in last 2 months by GOI. As per SPTulisian, BOM has already got intents in Mar. 2021 from PremWatsa friend of namo, Poonalwala and Bajaj. Meanwhile, none of the other PSU banks has got any suitors so far. It is also Pune based bank and it is a West India focussed bank where there are enough and more than other PSU bank presence to counter its sale and loss of revenue. This is the only bank where employees went on strike when they came to know from RSSHQ that they are getting privatised and subsequently this led to the Left call for the all India bank hartal against privatisation. BOM financial parameters are one of the best after SBI on NII and NPA in the PSU bank category and it is the best bet to achieve the best valuation to start the journey of PSU Bank privatization. Banks posting 2 times and 3 times profit in one quarter is nothing but financial engineering and rehashing of funds. It is very evident when you check their NII which hardly moved. So when a sale of two psu banks happen it is no brainer to assume that BOM will get the the best investor bids and will alway be on premium over the 2nd bank in the list. This would mean that the price of Mahabank will lead the charge in premium percentage margin over the 2nd bank. Market showed that on Friday. Market also indicated that 2nd bank is likely to be IOB as it is closely behind BOM in price-volumes graph and rest of the PSU Bank pack are far behind in price-volume graph. if you have other PSU bank shares please view this post with a pinch of salt. disclaimer - i hold mahabank. please repost this post if you like to share with likeminded.
12.6 Crs of mahabank shares traded on a single day in nsebse on 4th June,2021, with the life time highest-ever volumes and 10 lacs more than the next PSU bank in contention for privatization, which is iob. a vwap of 28.21 which is 9.8percent of the previous close price this is not speculation but the advance leak. now we can see entry of MFs focussed on PSU and PSU banks entering on monday along with FII and DII. only caution is the total percentage is 26%, 40lacs delivery. which translate to only net 11Crs value delivery. so watch out for the delivery percentage, not the delivery qty, it should ideally go up above 70% on Monday
Bank of Maharashtra- Very strong on monthly chartsBOM has already given breakout on daily charts...also monthly charts is ready to breakout..targets expected in next few weeks/months
MAHABANK: BUY THIS DIVESTMENT CANDIDATE AT ₹30NITI Aayog submits privatisation list: Bank of maharashtra is one of the top contenders. Buy at cmp for 40+ levels. All oscillators are positive. Study breakouts that occur on high volume which show greater conviction, meaning the price is more likely to trend in that direction.
Bank Of Maharasthra Strong Break OutGuy's lets have a look at Daily and Weekly chart of Bank Of Maharasthra - Strong Break Out came above 26 levels. Stock closed at 29 levels and we can see further upward move so the stock is good to accumulate on every dips. It can give nice movement in coming weeks ahead.
For Educational Purpose only.
Bank of Maharashtra can give strong BOBank of Maharashtra has formed round bottom and Volatility Contraction Pattern (VCP).
Can give BO and race to the level of 37.
CMP - 25.70
Strict SL to be maintained.
Buy Bank of maharastra around 21 with target of 40 Weekly chart forming ascending triangle
52 weeks high test twice, stop above 200 MA.
Could give BO at 52 week high price.
Suggested to enter at around 21, stop loss 14 target 40
Buy Maharashtra BankMy idea is for educational purpose.
Whether disinvestmenet or not. who will be buying it, not clear but chart is interesting.
One can buy above resistance i.e @ 27 till 25 (SL-25) for quick gain from here. May be it can double in short period.
A long term Breakout in MAHABANKShort Term Trade:
Analysis on MAHABANK
A great move is expected after a long term breakout happened with an extreme high volume. Good to add in Portfolio.
-Mohit Rajani
ADITYA JAIN TODAY'S VIEW (FOR Educational Purpose)Buy above: 21.00, Stop Loss: 17.00
(Last Price 20.95): MAHABANK has completed its corrective 3 wave decline and it is expected to cross its previous high of 27.60 for projected target of 30.00
