"Bank of Maharashtra" - A cheap Buy amid priciey stocks.

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📈 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:

1. • First Target: ₹48.85 🎉
   
2. • Second Target: ₹50.55 🌟
   
3. • 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

9 thg 1

Giao dịch đang hoạt động

We need to maintain the position as such.

19 thg 1

Đóng lệnh: đạt mục tiêu

Target Overshot and one of the best performance.