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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 2024-08-05 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 17243613

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	62.17	63.69	64.16	62.00	1.225 times
02 Fri Aug 2024	65.51	64.82	66.58	64.80	0.696 times
01 Thu Aug 2024	66.11	67.01	67.50	65.80	0.57 times
31 Wed Jul 2024	66.94	67.80	67.89	66.83	0.516 times
30 Tue Jul 2024	67.67	68.09	68.48	67.32	0.691 times
29 Mon Jul 2024	68.09	68.90	70.77	68.00	1.806 times
26 Fri Jul 2024	67.73	66.63	68.90	66.22	1.675 times
25 Thu Jul 2024	66.63	66.50	67.59	66.05	0.715 times
24 Wed Jul 2024	67.19	65.10	67.83	64.66	1.355 times
23 Tue Jul 2024	65.19	67.05	67.24	62.93	1.054 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 62.1, for a target of 64.2 or 65.97

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	59.00
Downside Target	61.35
Upside Target	66.85
Upside Target	67.50
Upside Target	68.90
Upside Target	70.77
Upside Target	70.80
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	61.39
Downside Intraday Target	60.62
Upside Intraday Target	63.55
Upside Intraday Target	64.94
Upside Intraday Target	62.78

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	62.17	63.69	64.16	62.00	0.286 times
02 Fri Aug 2024	65.51	68.90	70.77	64.80	0.748 times
26 Fri Jul 2024	67.73	65.65	68.90	62.93	0.425 times
19 Fri Jul 2024	65.65	65.75	70.80	64.80	2.585 times
12 Fri Jul 2024	65.08	63.81	66.85	63.05	1.896 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
05 Mon Aug 2024	62.17	67.01	67.50	62.00	0.083 times
31 Wed Jul 2024	66.94	64.90	70.80	62.93	1.112 times
28 Fri Jun 2024	64.81	73.00	73.50	59.00	0.945 times
31 Fri May 2024	69.05	70.60	71.50	61.35	0.718 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 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 mid to longer 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

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 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 red color and prices are below the red cloud Prices appear to be coming down

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 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 66.44 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.