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(MAHABANK) Bank Maharashtra complete technical analysis [charts+indicators] | Buy/Sell Bank Maharashtra | (MAHABANK) share price targets

Complete technical analysis of Bank Maharashtra (MAHABANK) by charts plus indicators, forecast predictions and share price targets for Bank Maharashtra (MAHABANK)

Bank Maharashtra trades in NSE in Banks sector.

Showing technical analysis as on 2024-03-12 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 30533585

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	58.70	61.70	61.85	58.25	1.089 times
11 Mon Mar 2024	61.40	62.25	63.45	61.05	1.22 times
07 Thu Mar 2024	61.90	62.55	63.30	61.60	0.798 times
06 Wed Mar 2024	62.10	63.80	64.45	61.25	1.734 times
05 Tue Mar 2024	63.60	61.15	64.00	60.65	2.431 times
04 Mon Mar 2024	61.10	60.45	61.50	59.70	0.605 times
02 Sat Mar 2024	60.45	60.95	60.95	60.25	0.069 times
01 Fri Mar 2024	60.75	60.00	61.00	59.80	0.65 times
29 Thu Feb 2024	59.70	58.00	60.05	57.10	0.983 times
28 Wed Feb 2024	57.95	60.10	60.50	57.25	0.862 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 58.1, for a target of 59.7 or 60.92

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	41.25
Downside Target	43.05
Downside Target	45.10
Downside Target	46.85
Downside Target	48.80
Downside Target	54.05
Downside Target	56.10
Downside Target	58.25
Upside Target	61.75
Upside Target	63.45
Upside Target	63.50
Upside Target	63.65
Upside Target	64.45
Upside Target	69.45

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	56.82
Downside Intraday Target	54.93
Upside Intraday Target	62.02
Upside Intraday Target	65.33
Upside Intraday Target	60.13

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	58.70	62.25	63.45	58.25	0.414 times
07 Thu Mar 2024	61.90	60.45	64.45	59.70	1.415 times
02 Sat Mar 2024	60.45	61.40	61.75	57.10	0.727 times
23 Fri Feb 2024	61.05	61.95	63.65	58.65	0.541 times
16 Fri Feb 2024	61.95	62.00	63.50	54.05	0.496 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bank Maharashtra (MAHABANK)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	58.70	60.00	64.45	58.25	0.195 times
29 Thu Feb 2024	59.70	55.80	69.45	54.05	1.211 times
31 Wed Jan 2024	55.25	45.25	56.10	45.10	1.903 times
29 Fri Dec 2023	45.15	44.10	48.80	43.05	1.61 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bank Maharashtra (MAHABANK)

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bank Maharashtra stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Bank Maharashtra in short term but the sell signal is initial and weak.

Bank Maharashtra Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bank Maharashtra in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Bank Maharashtra is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 61.28 and Bank Maharashtra (MAHABANK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Bank Maharashtra (MAHABANK) stock. Volume based technical analysis of Bank Maharashtra (MAHABANK) stock is negative.

Bank Maharashtra Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.