🏦 Bank of Maharashtra – Range Breakout on 4H Chart

🧭 Technical Structure Pattern: The stock has broken out of a 4-month horizontal range between ₹51 and ₹59 on strong momentum. EMA Confirmation: The 26 EMA (red) has crossed above the 52 EMA (green), confirming a bullish crossover right at the breakout point. Volume & Candle Strength: Sharp bullish candles post-breakout indicate institutional buying or accumulation. Retest Possibility: A mild pullback toward ₹59–₹60 could act as a retest entry zone before the next leg up.