Crime Today News
The outlook is bullish for Bank of Maharashtra. This stock has been in a strong uptrend. After witnessing a corrective fall in February, the stock has now resumed its uptrend. The strong 4 per cent rise on Tuesday confirms the same. Strong support is in the â¹61-60 region. Cluster of moving averages are also poised in this region. That makes the chances less for the stock to decline below â¹60 going forward.
Bank of Maharashtra share price can rise to â¹75 over the next three-four weeks. Traders can go long now at around â¹64. Accumulate on dips at â¹61. Keep the stop-loss at â¹58 initially. Trail the stop-loss up to â¹66 as soon as the stock moves up to â¹68. Move the stop-loss further up to â¹69 when the price touches â¹71. Exit the stock at â¹73.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
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