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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 2024-05-29 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 22925205

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	69.00	68.00	69.70	67.40	0.854 times
28 Tue May 2024	68.80	71.00	71.30	68.05	1.298 times
27 Mon May 2024	70.60	68.60	71.50	68.45	2.651 times
24 Fri May 2024	68.15	68.85	70.15	67.85	1.081 times
23 Thu May 2024	68.80	67.85	70.30	67.80	1.427 times
22 Wed May 2024	67.55	67.95	68.40	66.75	0.796 times
21 Tue May 2024	67.45	64.90	67.90	64.35	1.263 times
18 Sat May 2024	64.45	64.30	64.80	64.20	0.103 times
17 Fri May 2024	64.15	64.25	64.80	63.70	0.402 times
16 Thu May 2024	64.00	64.95	65.20	63.70	0.509 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.7, but if it comes below 68.7, then a intra day sell could be more profitable.
If you take a sell trade below 68.7, then use 68.7 as stoploss and 66.39 as target. However if you take a buy trade in stock , then use 68.7 as stoploss and 71.6 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	61.35
Downside Target	64.35
Downside Target	65.95
Upside Target	69.05
Upside Target	70.30
Upside Target	71.50
Upside Target	72.55

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	67.1
Downside Intraday Target	65.2
Upside Intraday Target	71.2
Upside Intraday Target	73.4
Upside Intraday Target	69.3

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	69.00	68.60	71.50	67.40	1.052 times
24 Fri May 2024	68.15	64.90	70.30	64.35	1.655 times
18 Sat May 2024	64.45	63.05	65.95	61.40	0.552 times
10 Fri May 2024	63.90	68.80	69.05	61.35	0.525 times
03 Fri May 2024	68.40	68.80	72.55	67.05	1.144 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
29 Wed May 2024	69.00	70.60	71.50	61.35	0.657 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 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 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 moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 68.49 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.