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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 2024-09-16 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 5943441

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	60.64	61.11	61.96	60.40	1.253 times
13 Fri Sep 2024	61.02	59.10	61.33	58.84	2.079 times
12 Thu Sep 2024	58.72	58.90	59.36	58.50	0.853 times
11 Wed Sep 2024	58.54	59.70	59.98	58.40	0.991 times
10 Tue Sep 2024	59.73	59.25	60.10	59.25	0.766 times
09 Mon Sep 2024	59.09	60.20	60.42	58.81	1.091 times
06 Fri Sep 2024	60.20	61.13	61.42	60.01	1.116 times
05 Thu Sep 2024	61.20	62.50	62.50	61.00	0.776 times
04 Wed Sep 2024	61.54	60.25	61.80	60.20	0.833 times
03 Tue Sep 2024	61.86	62.23	62.35	61.80	0.61 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 60 as stoploss in an intra day buy trade for a target of 61.43. However, stock will show a bearish move below 60.

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	58.40
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	60.04
Downside Intraday Target	59.44
Upside Intraday Target	61.6
Upside Intraday Target	62.56
Upside Intraday Target	61

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	60.64	61.11	61.96	60.40	0.217 times
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

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 Mon Sep 2024	60.64	62.60	62.79	58.40	0.323 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 BUY signal for Bank Maharashtra in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Bank Maharashtra in short term and BUY signal is strong.

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 60.27 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.