MadhuVamsi

Fundamental and Trend following approch

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NSE:MAHABANK   BK OF MAHARASHTRA
MAHABANK showed excellent quarterly results (As posted by company quarterly results)

Earning growth (QoQ) is +37.5%
Revenue growth (QoQ) is +10.47 (Proportional to net profit)

By technical analysis SMA day 200 is Below SMA day 150 and SMA day 50 is below price, which is a very excellent condition to buy the stock.

Considering fundamentals and technical analysis (Trend following) this stock (MAHABANK) is sure to turn into a multi bagger stock (by holding long term).


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