BANK OF MAHARASHTRA - Stage is set for 10% move for swing traders - Might hit 68--75--80+ in mid run - Support at 57
Breakout of triangle pattern with good bullish candle n decent volumes.
Targets in Chart Stoploss - 28 Market Cap ₹ 24,385 Cr. Current Price ₹ 36.2 High / Low ₹ 36.2 / 16.8 Stock P/E 8.07 Book Value ₹ 23.5 Dividend Yield 3.65 % ROCE 4.44 % ROE 17.4 % Face Value ₹ 10.0 Promoter holding 86.5 % EPS last year ₹ 3.87 EPS latest quarter ₹ 1.31 Debt ₹ 2,44,830 Cr. Pledged percentage 0.00 % Net CF ₹ -1,387 Cr. Price to Cash...
Maha Bank is very bullish and the overall price has increased healthy in multiple time frames. Overall it looks in Wave 3 format.
Its my article Chart Check: 20% rally in a month! This public sector bank could double in next 1 year Read more at: economictimes.indiatimes.com
Bank of Maharashtra is looking very bullish, tommorow quarterly results are expected to be published. As per repo rate stability bank may have performed good in this quarter also, hope for good results. In upside 65 is looking promising and 84 for further.
Bank of Maharashtra is showing strong signs of a breakout from its 10-year range. It is recommended to keep a close eye on this stock as it has the potential to reach targets of 60-70-85+ in the short term. This stock is exhibiting bullish tendencies and could present a profitable opportunity for investors.
This trade is pretty simple. Nothing much to say beside keep an eye on volumes as volume expansion can add to the view and provide more confidence while entering. Another important point is that the stock belongs to the second best performing sector(PSU BANKS) of 2023. CMP 44.7 SL 42 TARGET 52(15%)
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
It looks like that MahaBank has just finished its 5th Wave of 3rd Minor wave of the 3rd Intermediate wave of the 3rd Primary wave
at this level mahabank luking bullish wjth small Stoploss
found this pattern on the chart, I would look for genuine suggestion, what could be the next move of this share. since I am new and don't have much knowledge need suggestions.
Upon crossing the congestion zone of 37-40, it can quickly head towards 54. Good candidate for accumulation on dips upto 31
multibagger in making..... charts says it all. keep adding and accumulating for minimum 50% returns
PSU banks are on the verge of big movement. Can look for longs based on your risk management.
Strength Gaining Stock! Bank of Maharashtra #MAHABANK 1- Cup & Handle Formation 2- Breakout Possible 3- Moving up with High Weekly Volume Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
I was expecting a minimum 10 % upside momentum from the bank of Maharastra. It crosses and sustained above trendline too. Staying above all important moving averages shows bullish momentum in this stock.