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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 2024-03-14 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 33864775

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	58.30	53.95	58.95	52.80	1.364 times
13 Wed Mar 2024	54.20	58.70	59.50	53.60	1.363 times
12 Tue Mar 2024	58.70	61.70	61.85	58.25	0.982 times
11 Mon Mar 2024	61.40	62.25	63.45	61.05	1.1 times
07 Thu Mar 2024	61.90	62.55	63.30	61.60	0.719 times
06 Wed Mar 2024	62.10	63.80	64.45	61.25	1.564 times
05 Tue Mar 2024	63.60	61.15	64.00	60.65	2.192 times
04 Mon Mar 2024	61.10	60.45	61.50	59.70	0.546 times
02 Sat Mar 2024	60.45	60.95	60.95	60.25	0.063 times
01 Fri Mar 2024	60.75	60.00	61.00	59.80	0.586 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.5, but if it comes above 58.5, then a intra day buy could be more profitable.
If you take a sell trade below 58.5, then use 58.5 as stoploss and 56.1 as target. However if you take a buy trade in stock , then use 58.5 as stoploss and 60.43 as target.

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	52.80
Downside Target	54.05
Downside Target	56.10
Upside Target	58.65
Upside Target	61.75
Upside Target	63.45
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	52.92
Downside Intraday Target	47.53
Upside Intraday Target	63.57
Upside Intraday Target	68.83
Downside Intraday Target	58.18

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	58.30	62.25	63.45	52.80	0.958 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
14 Thu Mar 2024	58.30	60.00	64.45	52.80	0.263 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Bank Maharashtra in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 60.35 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.