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bank of maharastra

Discussion in 'Technical Analysis' started by karthikkv34, Mar 7, 2018.

  1. karthikkv34

    karthikkv34 Member

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    Hi Team,

    Maharastra bank stock price keep going down, is it good time to buy that shares?

    Also, anyone comment me that when we decide to buy the bank shares.. what are the parameter need to check prior to invest.

    is any book for beginner like me.

    Current Price for Maharastra bank: 14.35
     
  2. shabbir

    shabbir Administrator Staff Member

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    Do you mean bank of Maharashtra? It is a total NO.
     
  3. karthikkv34

    karthikkv34 Member

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    Thanks for the Update Ji...Please never mind, do you have any specific reason for "NO"..
     
  4. abhijitupsc

    abhijitupsc Contributor

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    Why do you want to buy the stock?
    The price of the stock represents the financial community's appraisal and nothing more..
    You can go thorough Shabbir sir's investment checklist and other factors such as Return on assets, NIM, Costs of funds, CAR, Net NPA ratio, loan growth over years, the proportion of commercial loans to retail lending, Return on average equity, Yield on advances..
    I have learnt it hard way.. Don't pay any heed to Price first..The fundamentals should be your first priority and then you can wait patiently for the price to come in your comfort zone.

    And as somebody had said, waiting is the most difficult part of being investor.

    Sent from my Redmi Note 4 using DIYTA mobile app
     
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  5. karthikkv34

    karthikkv34 Member

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    Thanks Abhijitupsc Ji, I thought to buy this because one of the investing broker recommend to me buy this in a bulk quantity and agency told me that
    this share is on very low price(it's a good time to investment on this)...so I wanted to confirm in our forum.

    Also,Surely I'll go through the Shabbir Ji's checklist in our forum.
     
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  6. nirajshah

    nirajshah Champion

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    You should fire the advisor right at this moment.

    Sent from my Micromax Q385 using DIY Technical Analysis mobile app
     
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  7. abhijitupsc

    abhijitupsc Contributor

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  8. shabbir

    shabbir Administrator Staff Member

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    The first step is to know the right stocks and you can do that by reading my following articles

    https://shabbir.in/investment-checklist/
    and
    https://shabbir.in/fundamental-analysis/

    Once the stock qualifies the above checklist and analysis, I analyze the business on the following parameters

    https://shabbir.in/business-checklist/

    Then comes the understanding the technical analysis based on price action which gives us the right price.
    Thanks for helping me out with that reply.
     
    abhijitupsc likes this.
  9. karthikkv34

    karthikkv34 Member

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    Thanks Nirajshah Ji & Abhijitupsc ji for your inputs....
     
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  10. nirajshah

    nirajshah Champion

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    My pleasure.

    Sent from my Micromax Q385 using DIY Technical Analysis mobile app