13 hrs ago
Choice Broking Names Bank of Maharashtra Navratri Stock Pick
Choice Broking’s Sumeet Bagadia named Bank of Maharashtra as a stock to watch during Navratri.
His report suggested buying around ₹82.75 and adding more if the price falls toward ₹80.
It gave possible price targets of ₹91 and ₹96.
The report says the share has been making higher highs and higher lows, which it sees as a sign of an uptrend.
It also says the stock has support near a moving average and that its momentum measure is above 50.
The brokerage identified ₹76 as an important support level.
If the price falls below that level for a sustained period, it said the positive view should be reconsidered.
These are the brokerage’s views and suggested levels, not a guarantee of future performance.
Choice Broking Executive Director Sumeet Bagadia recommended Bank of Maharashtra for a positional trade.
The report dated October 9 suggested entry at ₹82.75 and adding on dips toward ₹80.
The brokerage set upside targets of ₹91 and ₹96, with ₹76 identified as important support.
Bagadia cited a weekly-chart pattern of higher highs and higher lows, a breakout, support near the 20-week EMA, and RSI above 50.
The article reports the stock gained 47% over one year and 303% over five years, despite a roughly 2% decline in the last month.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, made the recommendation.
- What
- He identified Bank of Maharashtra as a Navratri stock pick and outlined entry, accumulation, target, and support levels.
- Where
- The recommendation concerns Bank of Maharashtra shares traded in India.
- When
- The report was dated October 9; Sharad Navratri 2026 is stated to run from October 11 to October 20.
- Why
- Choice Broking cited a positive weekly-chart setup, including higher highs and lows, a breakout, support near the 20-week EMA, and RSI above 50.
Key facts
- Recommended entry
- ₹82.75
- Additional buying level
- Dips toward ₹80
- Upside targets
- ₹91 and ₹96
- Key support
- ₹76
- 52-week high
- ₹94.50 in June 2026
- 52-week low
- ₹54.70 in October 2025
- Reported performance
- Down about 2% in one month; up 1.4% in three months, 19% in six months, 47% in one year, and 303% in five years.
Quotes
Sumeet Bagadia
Executive Director at Choice Broking
“Bank of Maharashtra is showing a positive technical setup on the weekly chart, with the stock maintaining a higher-high and higher-low structure, indicating a sustained uptrend. The stock has previously broken out of a sideways consolidation range.”
livemint.com
“For positional trades, buying can be considered around 82.75, with additional accumulation on dips towards ₹80. The stock has the potential to move towards upside targets of 91 and 96. The 76 level remains an important support zone.”
livemint.com
Sources
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