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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 2024-08-16 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 12010986

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	61.17	61.25	61.46	60.81	0.485 times
14 Wed Aug 2024	60.55	60.35	61.08	59.71	0.934 times
13 Tue Aug 2024	60.13	61.15	61.65	60.00	0.85 times
12 Mon Aug 2024	61.12	61.90	61.90	61.00	0.807 times
09 Fri Aug 2024	61.92	62.85	62.99	61.60	1.003 times
08 Thu Aug 2024	62.09	62.80	63.48	61.90	0.952 times
07 Wed Aug 2024	62.86	62.48	63.15	61.90	0.766 times
06 Tue Aug 2024	61.50	63.16	64.15	61.01	1.112 times
05 Mon Aug 2024	62.17	63.69	64.16	62.00	1.758 times
02 Fri Aug 2024	65.51	64.82	66.58	64.80	1 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 61.6, but if it comes above 61.6, then a intra day buy could be more profitable.
If you take a sell trade below 61.6, then use 61.6 as stoploss and 58.4 as target. However if you take a buy trade in stock , then use 61.6 as stoploss and 64.34 as target.

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	59.00
Downside Target	61.01
Upside Target	64.80
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	59.95
Downside Intraday Target	58.74
Upside Intraday Target	62.14
Upside Intraday Target	63.12
Downside Intraday Target	60.93

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	61.17	61.90	61.90	59.71	0.55 times
09 Fri Aug 2024	61.92	63.69	64.16	61.01	0.91 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

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
16 Fri Aug 2024	61.17	67.01	67.50	59.71	0.242 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Bank Maharashtra stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Bank Maharashtra in short term and the sell signal is strong.

Bank Maharashtra Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Bank Maharashtra is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 61.99 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.