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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 2024-03-28 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 29396269

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	62.35	59.30	63.10	59.30	1.972 times
27 Wed Mar 2024	59.15	59.25	59.90	58.75	0.6 times
26 Tue Mar 2024	58.95	59.85	60.30	58.55	0.55 times
22 Fri Mar 2024	59.85	59.00	60.65	58.50	0.539 times
21 Thu Mar 2024	58.90	59.20	60.35	58.60	0.643 times
20 Wed Mar 2024	58.60	58.90	59.40	57.70	0.578 times
19 Tue Mar 2024	58.65	58.85	59.60	58.05	0.678 times
18 Mon Mar 2024	58.80	60.40	60.40	58.50	0.662 times
15 Fri Mar 2024	59.40	58.00	60.00	55.55	2.609 times
14 Thu Mar 2024	58.30	53.95	58.95	52.80	1.572 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61.8, but if it comes below 61.8, then a intra day sell could be more profitable.
If you take a sell trade below 61.8, then use 61.8 as stoploss and 59.84 as target. However if you take a buy trade in stock , then use 61.8 as stoploss and 64.2 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
Downside Target	61.75
Upside Target	63.10
Upside Target	63.45
Upside Target	64.45
Upside Target	69.45

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	59.57
Downside Intraday Target	56.78
Upside Intraday Target	64.12
Upside Intraday Target	65.88
Downside Intraday Target	61.33

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	62.35	59.85	63.10	58.55	1.007 times
22 Fri Mar 2024	59.85	60.40	60.65	57.70	0.38 times
15 Fri Mar 2024	59.40	62.25	63.45	52.80	1.409 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

Price has moved up 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
28 Thu Mar 2024	62.35	60.00	64.45	52.80	0.456 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 up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Bank Maharashtra in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bank Maharashtra Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bank Maharashtra in short term and BUY signal is strong.

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

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 59.62 and Bank Maharashtra (MAHABANK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.