BANK OF MAHARASHTRAReason to Buy : Good Results and took entry based on technical analysis
Allocation : 2%
MAHABANK trade ideas
MAHABANKsymbol MAHABANK
company bank of maharashtra
type long term
price 63.7
date of entry 05-03-2024
risk market slowdown
BANK OF MAHARASHTRACould have minor bumps along the way. But look very good for long term
For tracking purposes only.
Mahabank Its look like W or double bottom so it ll.move up trend and once break the 62 than it's target will be 68 and new High
MAHABANK - Long Setup, Move is ON..NSE:MAHABANK
✅ #MAHABANK trading above Resistance of 64
✅ Next Resistance is at 89
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 not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Bank of Maharashtra - Long Setup, Move is ON...#MAHABANK trading above Resistance of 58
Next Resistance is at 77
Support is at 42
Here are previous charts:
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.
MAHABANK | Swing Trade📊 DETAILS
Sector: Bank - Public
Mkt Cap: 36,646 cr
Bank of Maharashtra is engaged in providing banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other banking operations.
TTM PE : 9.95 (Average PE)
Sector PE : 12.91
Beta : 1.50
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
1.33% away from 52 week high
Outperformer - Bank of Maharashtra up by 10.07% v/s NIFTY 50 up by 0.19% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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Maharashtra Bank Daily TWaiting for it to close and sustain above the
2014 horizontal resistance line.
Trading around the trend line with
good volume ( last 3-4 days volume).
First target is 65.
SL 47.
For learning purpose.
Bank of Maharashtra - Long Setup, Move is ON...#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 financial advisor before taking any trade.
MAHABANKMAHABANK-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. Trade according to your Risk or consult with your Finance Advisor.
MAHABANK Long OpportunitySimilar 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.
MahabankIts moving uptrend channel and also breakout pennant Triangle 1st target closer 60 next will be 74 (fib ext 2.618)
MAHABANK#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.
MAHABANK Target 55MAHABANK
Entry after breakout 47.50, stop loss 43, target 55
triagle formation in uptrent, trendline support and ema 50 support
Technical Analysis for Bank of MaharashtraStock 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.
MAHA BANK ready for breakout rally!Ascending Triangle Breakout
RSI above 70 and rising
Trading above EMA50
Volume increasing
MAHABANK - Long Setup, Move is ON..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 not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
"Bank of Maharashtra" - A cheap Buy amid priciey stocks.📈 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 bearish trend. 📉
4. RSI & Stochastic RSI:
• K value at 40.04 and D value at 27.90, indicating an oversold condition. 💰
5. MACD:
• Observing a potential crossover with MACD at 0.27 and 0.22. 🤑
6. EMA & MA Crossover:
• Anticipating a 50-day and 200-day EMA and MA crossover in the next two days. 🔮
Fundamental Analysis:
• Price to Earnings Ratio: At 9.14, indicating the stock is still potentially undervalued. 💼
• Income Statement Trends:
• Net margins showing a nearly flat yet improving trend. 📈
• Increasing net profit, supporting a positive outlook. 💹
Trade Strategy 📝:
• Entry Point: Entry recommended if stock opens at ₹0.614 or above on Jan 4, 2024. 🎯
• Target Prices:
• First Target: ₹48.85 🎉
• Second Target: ₹50.55 🌟
• Stop Loss: If price falls below ₹45.20. 🛑
Disclosures and Disclaimers:
• Analysis is a personal opinion, not financial advice.
• No financial advisor-client relationship established.
• Trading involves risk; assess your financial position.
• Information may contain errors; verify independently.
• No liability for reliance on this analysis.
• Past performance not indicative of future results.
• No conflict of interest declared.
Hashtags:
#BankOfMaharashtra #TechnicalAnalysis #TradingView #StockMarket #Finance #Investing StockAnalysis #Fundamentals #P/E #NetMargins #TradingStrategy
Buy Bank of maharastra_VCP_SL 5%QoQ PAT increasing, Complete VCP, Sysmetrical triangle pattern probebal BO
BREAKOUT IN BANK OF MAHARASHTRA 📌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 trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
Maha Bank waiting for Breakoutmaha bank seems triangle formation in daily
impulse move breakout may happen concentrate if price sustain above 48.30
MAHABANKlooking 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.
