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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 2024-03-27 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 30956474

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	59.15	59.25	59.90	58.75	0.57 times
26 Tue Mar 2024	58.95	59.85	60.30	58.55	0.523 times
22 Fri Mar 2024	59.85	59.00	60.65	58.50	0.511 times
21 Thu Mar 2024	58.90	59.20	60.35	58.60	0.611 times
20 Wed Mar 2024	58.60	58.90	59.40	57.70	0.549 times
19 Tue Mar 2024	58.65	58.85	59.60	58.05	0.644 times
18 Mon Mar 2024	58.80	60.40	60.40	58.50	0.628 times
15 Fri Mar 2024	59.40	58.00	60.00	55.55	2.477 times
14 Thu Mar 2024	58.30	53.95	58.95	52.80	1.492 times
13 Wed Mar 2024	54.20	58.70	59.50	53.60	1.491 times

My analysis of stock is bearish for shortterm, and stock might move down till 57.7 or till 55.4. Use a stoploss of 59.62 and if the stock hits stoploss, then it can shoot up till 61.53

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	41.25
Downside Target	43.05
Downside Target	45.10
Downside Target	46.85
Downside Target	48.80
Downside Target	52.80
Downside Target	54.05
Downside Target	56.10
Upside Target	60.65
Upside Target	61.75
Upside Target	63.45
Upside Target	64.45
Upside Target	69.45

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	58.37
Downside Intraday Target	57.58
Upside Intraday Target	60.12
Upside Intraday Target	61.08
Upside Intraday Target	59.33

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	59.15	59.85	60.30	58.55	0.371 times
22 Fri Mar 2024	59.85	60.40	60.65	57.70	0.38 times
15 Fri Mar 2024	59.40	62.25	63.45	52.80	1.409 times
07 Thu Mar 2024	61.90	60.45	64.45	59.70	1.415 times
02 Sat Mar 2024	60.45	61.40	61.75	57.10	0.727 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
27 Wed Mar 2024	59.15	60.00	64.45	52.80	0.413 times
29 Thu Feb 2024	59.70	55.80	69.45	54.05	1.211 times
31 Wed Jan 2024	55.25	45.25	56.10	45.10	1.903 times
29 Fri Dec 2023	45.15	44.10	48.80	43.05	1.61 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bank Maharashtra stock for short term is SELL. Signal strength is Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 SELL signal for Bank Maharashtra in short term

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 58.23 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 rising upwards.

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 is giving positive 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.