📈 Bank of Maharashtra – Base Built, Breakout Brewing?

🔹 Chart Structure Price broke out of falling wedge on strong volumes Holding above previous structure and forming higher lows RSI climbing above 60 with confirmation — momentum supports the move 🔹 Levels to Watch 🔼 Resistance: ₹59–₹60 → immediate hurdle 🚀 Breakout target zone: ₹68–₹70 🛡️ Support: ₹52–₹50 (wedge breakout retest zone) 🔹 Momentum View RSI breakout from downtrend = early sign of strength Positive divergence at the bottom + reclaim of 60 RSI zone Price & indicator both in sync now ⚖️ 🔹 Summary ⚠️ Bias tilts bullish above ₹59 🔄 Pullback towards ₹53–₹52 could offer opportunity ⏫ Watch for strength if volumes pick up near ₹60 zone 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.