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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 2024-06-24 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 18052683

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	66.01	65.00	66.20	64.50	0.949 times
21 Fri Jun 2024	65.17	66.30	66.60	64.70	0.983 times
20 Thu Jun 2024	66.28	65.89	67.40	65.69	1.365 times
19 Wed Jun 2024	65.45	65.75	67.45	64.25	1.286 times
18 Tue Jun 2024	65.63	66.70	66.70	65.54	0.775 times
14 Fri Jun 2024	66.33	66.80	67.20	66.15	0.693 times
13 Thu Jun 2024	66.68	67.90	68.10	66.38	0.695 times
12 Wed Jun 2024	67.27	66.80	68.38	66.41	1.256 times
11 Tue Jun 2024	66.39	66.60	67.30	65.50	0.862 times
10 Mon Jun 2024	66.18	66.95	67.45	66.00	1.056 times

My analysis of stock is bearish for shortterm, and stock might move down till 64.8 or till 62.2. Use a stoploss of 66.91 and if the stock hits stoploss, then it can shoot up till 69.05

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	64.25
Upside Target	68.38
Upside Target	69.45
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	64.94
Downside Intraday Target	63.87
Upside Intraday Target	66.64
Upside Intraday Target	67.27
Downside Intraday Target	65.57

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	66.01	65.00	66.20	64.50	0.215 times
21 Fri Jun 2024	65.17	66.70	67.45	64.25	0.966 times
14 Fri Jun 2024	66.33	66.95	68.38	65.50	0.347 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

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
24 Mon Jun 2024	66.01	73.00	73.50	59.00	0.841 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Bank Maharashtra stock for short term is SELL. 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.

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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Bank Maharashtra in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 66.14 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 positive

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