Bank of Maharashtra breaks above its trendline!

Bank of Maharashtra breaks above its trendline Bank of Maharashtra (NSE: MAHABANK) was trading around ₹84.88 on September 28 after breaking above a descending trendline on the daily chart. Why it matters The stock had earlier taken support from its consolidation breakout zone and the 100-day EMA. Moneycontrol's technical setup also notes a positive MACD histogram crossover above the zero line, indicating improving momentum. The published technical setup identifies a buying zone of ₹84-83, with a stop-loss at ₹77 and analyst-published targets of ₹95 and ₹98. These targets are the analyst's stated levels, not my independent price predictions. My view The trendline breakout is the key development. The next test is whether the stock can sustain above the breakout area and maintain the higher-low structure. What I am watching ₹83-84 is the published entry zone. ₹77 is the published risk-control level. The analyst-published ₹95 and ₹98 levels are the upside levels to monitor if momentum continues.