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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 2024-06-04 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 33294724

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	63.30	72.00	72.00	59.00	2.092 times
03 Mon Jun 2024	72.50	73.00	73.50	70.35	2.28 times
31 Fri May 2024	69.05	67.65	69.75	66.50	0.662 times
30 Thu May 2024	67.25	68.55	69.40	67.00	0.605 times
29 Wed May 2024	69.00	68.00	69.70	67.40	0.588 times
28 Tue May 2024	68.80	71.00	71.30	68.05	0.894 times
27 Mon May 2024	70.60	68.60	71.50	68.45	1.825 times
24 Fri May 2024	68.15	68.85	70.15	67.85	0.744 times
23 Thu May 2024	68.80	67.85	70.30	67.80	0.983 times
22 Wed May 2024	67.55	67.95	68.40	66.75	0.548 times

Stock of Bank Maharashtra (MAHABANK) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.8, but if it comes above 63.8, then a intra day buy could be more profitable.
If you take a sell trade below 63.8, then use 63.8 as stoploss and 60.5 as target. However if you take a buy trade in stock , then use 63.8 as stoploss and 66.49 as target.

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	52.80
Downside Target	54.05
Downside Target	59.00
Downside Target	61.35
Upside Target	64.35
Upside Target	65.95
Upside Target	69.05
Upside Target	70.30
Upside Target	71.50
Upside Target	72.55
Upside Target	73.50

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	57.03
Downside Intraday Target	50.77
Upside Intraday Target	71.53
Upside Intraday Target	79.77
Upside Intraday Target	65.27

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	63.30	73.00	73.50	59.00	0.956 times
31 Fri May 2024	69.05	68.60	71.50	66.50	1.455 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

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
04 Tue Jun 2024	63.30	73.00	73.50	59.00	0.294 times
31 Fri May 2024	69.05	70.60	71.50	61.35	0.718 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

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

MACD generated a SELL signal for Bank Maharashtra in short term but the sell signal is initial and weak.

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. Bulls are getting tired and bears 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 SELL signal for Bank Maharashtra in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 68.66 and Bank Maharashtra (MAHABANK) stock is trading below this level. This means that stock is falling with high volumes. 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.