Bank Of Maharastra - comment please..

[ngchowdhury]

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]

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.

 

[Saint]

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.

 

[Saint]

Big day for Bank of Maharashtra........nice!

 

[RAJESH RATHI]

hello traderji