MAHABANK trade ideas
Support and Resistance say to go long for short termSupport/Resistance levels from recent trends found at
12.1
13.05
14.2
15.65
Currently the stock is trading at 14.2 levels
MACD indicator signals buy (however it should be understood that this indicator is a delayed)
RSI stands at 58%
It is safe to bet at 14.2 levels to a target of 15.3-15.6 ish levels in the next 5 trading session.
Positional Pick: Inverted H&S and expanding volumeThough it is already moved 30-40% but as sector is beaten down its worth taking risk
Buy above 15.50 safe buy above 15.85
Target 17, 20, 22++
Long Term Uptrend StartedEarlier Maharastra Bank broke from downtrend at 9 levels. Now again broke through uptrend resistance with huge volume. Expecting good upmove in near future.
Positional Buy Maharashtra BankThere Is Buying Opportunity Technically in MAHABANK and Observe As Per Level's...
BANK OF MAHARASHTRANicely setting up hopefully on the upside.
Heavy Consolidation around the resistance augers well for a big breakout.
Targets as plotted.
Enter on dips within the triangle
SL - 10.4
Bank of Maharashtra - Rounding Bottom - New channelLong term downtrend broken in Weekly charts
Rounding bottom complete.
Stock seeing strong volumes these days
Buy above 38 and Trail SL
