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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 2024-09-13 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 5514430

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	61.02	59.10	61.33	58.84	2.24 times
12 Thu Sep 2024	58.72	58.90	59.36	58.50	0.919 times
11 Wed Sep 2024	58.54	59.70	59.98	58.40	1.068 times
10 Tue Sep 2024	59.73	59.25	60.10	59.25	0.825 times
09 Mon Sep 2024	59.09	60.20	60.42	58.81	1.175 times
06 Fri Sep 2024	60.20	61.13	61.42	60.01	1.203 times
05 Thu Sep 2024	61.20	62.50	62.50	61.00	0.836 times
04 Wed Sep 2024	61.54	60.25	61.80	60.20	0.897 times
03 Tue Sep 2024	61.86	62.23	62.35	61.80	0.657 times
02 Mon Sep 2024	61.98	62.60	62.79	61.75	0.955 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 bearish for shortterm, and stock might move down till 60.1 or till 58.3. Use a stoploss of 61.52 and if the stock hits stoploss, then it can shoot up till 62.98

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	58.40
Upside Target	61.30
Upside Target	62.79
Upside Target	62.93
Upside Target	63.62
Upside Target	63.85
Upside Target	67.50
Upside Target	70.80
Upside Target	71.50
Upside Target	73.50

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	59.17
Downside Intraday Target	57.32
Upside Intraday Target	62.1
Upside Intraday Target	63.18
Downside Intraday Target	60.25

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	61.02	60.20	61.33	58.40	1.369 times
06 Fri Sep 2024	60.20	62.60	62.79	60.01	0.581 times
30 Fri Aug 2024	62.57	63.00	63.62	61.61	1.137 times
23 Fri Aug 2024	62.31	61.30	63.85	61.30	1.028 times
16 Fri Aug 2024	61.17	61.90	61.90	59.71	0.55 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
13 Fri Sep 2024	61.02	62.60	62.79	58.40	0.287 times
30 Fri Aug 2024	62.57	67.01	67.50	59.71	0.398 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

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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Bank Maharashtra in short term and the sell 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 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 in or above 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 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 60.37 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 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.