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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 2024-05-21 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 14895078

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	67.45	64.90	67.90	64.35	1.944 times
18 Sat May 2024	64.45	64.30	64.80	64.20	0.159 times
17 Fri May 2024	64.15	64.25	64.80	63.70	0.619 times
16 Thu May 2024	64.00	64.95	65.20	63.70	0.784 times
15 Wed May 2024	64.55	64.70	65.95	64.20	0.722 times
14 Tue May 2024	64.35	62.75	64.55	62.65	0.882 times
13 Mon May 2024	62.50	63.05	63.30	61.40	1.08 times
10 Fri May 2024	63.90	63.40	64.25	61.35	1.337 times
09 Thu May 2024	63.55	66.00	66.55	63.15	1.342 times
08 Wed May 2024	65.95	64.90	66.65	64.35	1.412 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 68.2 as stoploss in an intra day sell trade for a target of 65.87. However, stock will show a bullish move above 68.2.

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	61.35
Downside Target	64.35
Downside Target	65.95
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	65.23
Downside Intraday Target	63.02
Upside Intraday Target	68.78
Upside Intraday Target	70.12
Downside Intraday Target	66.57

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	67.45	64.90	67.90	64.35	0.458 times
18 Sat May 2024	64.45	63.05	65.95	61.40	0.552 times
10 Fri May 2024	63.90	68.80	69.05	61.35	0.525 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

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
21 Tue May 2024	67.45	70.60	70.60	61.35	0.387 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 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 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 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 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.

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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

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 64.78 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.