Bank of Maharashtra cmp 67.65. Yesterday it came out with excellent set of numbers for the quarter and year ended 31 March 2024. Presentation is available on exchanges. Concall is available on youtube at https://www.youtube.com/watch?v=UinPll2dWKs.
It has been showing good growth for 15 quarters now with excellent ROA, ROE, PCR, NPA , CASA
parameters. Management commentary remains strong.
Coming to the charts, it crossed important level of 41 in Sep 2023 and went on to hit a high of 69.45 in Feb 2024. In the process it crossed an important 12 year highs level of 66. It went into a consolidation since then for 2 months and on the back of current quarter results, has managed to close above 66 on a weekly basis. A monthly close above 66 this month would be an added bullish confirmation. Resistance at higher levels are at 85 and 97 which are previous major peaks.
disc: invested as a techno funda bet. Not a recommendation. Shared as an example of a techno funda set up.
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