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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 2024-05-27 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 16794528

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	70.60	68.60	71.50	68.45	3.619 times
24 Fri May 2024	68.15	68.85	70.15	67.85	1.475 times
23 Thu May 2024	68.80	67.85	70.30	67.80	1.948 times
22 Wed May 2024	67.55	67.95	68.40	66.75	1.086 times
21 Tue May 2024	67.45	64.90	67.90	64.35	1.724 times
18 Sat May 2024	64.45	64.30	64.80	64.20	0.141 times
17 Fri May 2024	64.15	64.25	64.80	63.70	0.549 times
16 Thu May 2024	64.00	64.95	65.20	63.70	0.695 times
15 Wed May 2024	64.55	64.70	65.95	64.20	0.64 times
14 Tue May 2024	64.35	62.75	64.55	62.65	0.783 times

Stock of Bank Maharashtra (MAHABANK) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 69.1, but if it comes below 69.1, then a intra day sell could be more profitable.
If you take a sell trade below 69.1, then use 69.1 as stoploss and 66.56 as target. However if you take a buy trade in stock , then use 69.1 as stoploss and 72.2 as target.

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
Downside Target	68.45
Downside Target	70.30
Upside Target	71.50
Upside Target	72.55

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	68.87
Downside Intraday Target	67.13
Upside Intraday Target	71.92
Upside Intraday Target	73.23
Downside Intraday Target	70.18

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	70.60	68.60	71.50	68.45	0.58 times
24 Fri May 2024	68.15	64.90	70.30	64.35	1.655 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

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
27 Mon May 2024	70.60	70.60	71.50	61.35	0.585 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 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 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 67.94 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.