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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 2024-06-11 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 34779228

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	66.39	66.60	67.30	65.50	0.447 times
10 Mon Jun 2024	66.18	66.95	67.45	66.00	0.548 times
07 Fri Jun 2024	66.65	66.20	66.80	65.40	0.535 times
06 Thu Jun 2024	65.95	64.35	67.20	64.20	0.788 times
05 Wed Jun 2024	63.65	64.25	64.55	59.55	1.312 times
04 Tue Jun 2024	63.30	72.00	72.00	59.00	2.002 times
03 Mon Jun 2024	72.50	73.00	73.50	70.35	2.183 times
31 Fri May 2024	69.05	67.65	69.75	66.50	0.634 times
30 Thu May 2024	67.25	68.55	69.40	67.00	0.58 times
29 Wed May 2024	69.00	68.00	69.70	67.40	0.563 times

My analysis of stock is bearish for shortterm, and stock might move down till 64.5 or till 61.6. Use a stoploss of 66.92 and if the stock hits stoploss, then it can shoot up till 69.33

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	52.80
Downside Target	54.05
Downside Target	59.00
Downside Target	61.35
Downside Target	64.35
Upside Target	69.45
Upside Target	70.30
Upside Target	71.50
Upside Target	72.55
Upside Target	73.50

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	65.44
Downside Intraday Target	64.5
Upside Intraday Target	67.39
Upside Intraday Target	68.4
Upside Intraday Target	66.45

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	66.39	66.95	67.45	65.50	0.146 times
07 Fri Jun 2024	66.65	73.00	73.50	59.00	1.557 times
31 Fri May 2024	69.05	68.60	71.50	66.50	1.455 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

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
11 Tue Jun 2024	66.39	73.00	73.50	59.00	0.549 times
31 Fri May 2024	69.05	70.60	71.50	61.35	0.718 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

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 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 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 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 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 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 red color and prices are in or above the red 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 SELL signal in short term and selling is picking up 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 67.11 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.