Bank Of Maharastra - comment please..

#1
Traderji & All,
The Bank of Maharastra was lunched at Rs 23 in IPO. After a initial rise it again fell down to Rs23-24. Right now it is 27.
Should we sell it or hold ?

Thanks
Nirmlaya
 

Traderji

Super Moderator
#2
ngchowdhury said:
Traderji & All,
The Bank of Maharastra was lunched at Rs 23 in IPO. After a initial rise it again fell down to Rs23-24. Right now it is 27.
Should we sell it or hold ?

Thanks
Nirmlaya
With the banking sector showing signs of strength, I would suggest you to hold on with a breakeven stoploss initially and then a trailing stoploss once this stock goes into an uptrend.
 
#3
Bk of Maharashtra looks like a buy above last week's high of 28.25,taking out previous pivot high on the weekly,with a stop at 23.25.
 
#4
Big day for Bank of Maharashtra........nice!
 

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