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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 2024-05-02 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 39968401

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	69.80	70.60	70.60	69.10	0.76 times
30 Tue Apr 2024	70.10	71.40	72.55	69.80	1.427 times
29 Mon Apr 2024	71.05	68.80	71.45	67.05	2.517 times
26 Fri Apr 2024	67.65	65.90	69.40	65.20	2.359 times
25 Thu Apr 2024	65.25	64.00	66.00	63.90	0.987 times
24 Wed Apr 2024	64.00	64.70	64.95	63.70	0.327 times
23 Tue Apr 2024	64.50	64.50	64.85	63.75	0.449 times
22 Mon Apr 2024	64.40	62.00	64.70	62.00	0.646 times
19 Fri Apr 2024	61.60	59.85	62.15	59.20	0.484 times
18 Thu Apr 2024	61.35	62.60	63.45	61.00	0.39 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 67.9, but if it comes below 67.9, then a intra day sell could be more profitable.
If you take a sell trade below 67.9, then use 67.9 as stoploss and 65.23 as target. However if you take a buy trade in stock , then use 67.9 as stoploss and 71.1 as target.

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	45.10
Downside Target	52.80
Downside Target	54.05
Downside Target	56.10
Downside Target	59.20
Downside Target	62.00
Downside Target	66.25
Downside Target	69.10
Downside Target	69.40
Downside Target	69.45
Upside Target	70.60
Upside Target	72.55

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	67.05
Downside Intraday Target	64.3
Upside Intraday Target	72.55
Upside Intraday Target	75.3
Downside Intraday Target	69.8

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	69.80	68.80	72.55	67.05	0.986 times
26 Fri Apr 2024	67.65	62.00	69.40	62.00	2.331 times
19 Fri Apr 2024	61.60	61.40	63.45	59.20	1.129 times
12 Fri Apr 2024	63.60	66.05	66.25	63.35	0.387 times
05 Fri Apr 2024	65.70	62.95	67.65	62.85	2.039 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
02 Thu May 2024	69.80	70.60	70.60	69.10	0.044 times
30 Tue Apr 2024	70.10	62.95	72.55	59.20	1.122 times
28 Thu Mar 2024	62.35	60.00	64.45	52.80	0.456 times
29 Thu Feb 2024	59.70	55.80	69.45	54.05	1.211 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Bank Maharashtra in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bank Maharashtra in short term but SELL 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 67.77 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.