Bank of Maharashtra is trading in an uptrend supported by a rising trendline, indicating gradual strength in price structure. However, the stock is currently facing rejection near higher levels and has pulled back towards the trendline support.

Three key resistance zones are clearly defined:

R1: ₹73–₹75

R2: ₹84–₹86

R3: ₹96–₹98

These zones have historically acted as strong supply areas, and each level may offer resistance during upward movement. A move from R1 to R3 could offer ~30% upside, but it is important to note that multiple resistances may limit smooth upside continuation.

Trendline Support: ₹60–₹62

Outlook:
Structure remains cautiously positive as long as price holds above the rising trendline. Sustained move above R1 will be the first sign of strength, while further upside will depend on the ability to absorb supply at higher resistance levels. Investors are advised to monitor price action near each resistance before taking decisions.