Nimish_Ghagare

Positional or Longterm Opportunity in Bank of Maharashtra

Alış
Nimish_Ghagare Güncellendi   
NSE:MAHABANK   BK OF MAHARASHTRA
Go Long above 17.95 for Targets of 20.9, 23.85, and 26.8 with SL 15

Reasons to go Long :

1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level.

2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.618 Fibonacci level.

3. Additionally there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.

4. In addition to this the stock gave Trendline breakout on a Monthly timeframe.
İşlem aktif
İşlem kapandı: hedefe ulaştı:
All targets achieved.
Feragatname

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