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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 2024-05-08 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 43622705

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	65.95	64.90	66.65	64.35	0.482 times
07 Tue May 2024	65.05	66.85	67.50	64.55	0.568 times
06 Mon May 2024	66.80	68.80	69.05	65.80	0.66 times
03 Fri May 2024	68.40	70.20	70.35	67.90	0.687 times
02 Thu May 2024	69.80	70.60	70.60	69.10	0.696 times
30 Tue Apr 2024	70.10	71.40	72.55	69.80	1.307 times
29 Mon Apr 2024	71.05	68.80	71.45	67.05	2.306 times
26 Fri Apr 2024	67.65	65.90	69.40	65.20	2.161 times
25 Thu Apr 2024	65.25	64.00	66.00	63.90	0.904 times
24 Wed Apr 2024	64.00	64.70	64.95	63.70	0.299 times

My analysis of stock is bullish for shortterm, and stock might move up till 68.1 or till 71.5. Use a stoploss of 65.36 and if this stock hits its stoploss, then it can fall down till 62.59

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	45.10
Downside Target	52.80
Downside Target	54.05
Downside Target	56.10
Downside Target	59.20
Downside Target	62.00
Downside Target	63.35
Upside Target	66.25
Upside Target	69.05
Upside Target	69.40
Upside Target	69.45
Upside Target	70.60
Upside Target	72.55

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	63.85
Downside Intraday Target	61.75
Upside Intraday Target	68.55
Upside Intraday Target	71.15
Upside Intraday Target	66.45

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	65.95	68.80	69.05	64.35	0.342 times
03 Fri May 2024	68.40	68.80	72.55	67.05	1.144 times
26 Fri Apr 2024	67.65	62.00	69.40	62.00	2.331 times
19 Fri Apr 2024	61.60	61.40	63.45	59.20	1.129 times
12 Fri Apr 2024	63.60	66.05	66.25	63.35	0.387 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
08 Wed May 2024	65.95	70.60	70.60	64.35	0.196 times
30 Tue Apr 2024	70.10	62.95	72.55	59.20	1.122 times
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

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 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 to mid 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.

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 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 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 positive zone. This is a BUY 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 68.34 and Bank Maharashtra (MAHABANK) stock is trading below this level. This means that stock is falling with high volumes. 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.