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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 2024-06-07 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 39568401

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	66.65	66.20	66.80	65.40	0.47 times
06 Thu Jun 2024	65.95	64.35	67.20	64.20	0.692 times
05 Wed Jun 2024	63.65	64.25	64.55	59.55	1.153 times
04 Tue Jun 2024	63.30	72.00	72.00	59.00	1.76 times
03 Mon Jun 2024	72.50	73.00	73.50	70.35	1.919 times
31 Fri May 2024	69.05	67.65	69.75	66.50	0.557 times
30 Thu May 2024	67.25	68.55	69.40	67.00	0.509 times
29 Wed May 2024	69.00	68.00	69.70	67.40	0.495 times
28 Tue May 2024	68.80	71.00	71.30	68.05	0.752 times
27 Mon May 2024	70.60	68.60	71.50	68.45	1.536 times

My analysis of stock is bullish for shortterm, and stock might move up till 69.3 or till 72.5. Use a stoploss of 66.64 and if this stock hits its stoploss, then it can fall down till 63.99

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
Downside Target	64.35
Downside 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	59.27
Downside Intraday Target	51.88
Upside Intraday Target	73.77
Upside Intraday Target	80.88
Downside Intraday Target	66.38

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	66.65	73.00	73.50	59.00	1.557 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bank Maharashtra (MAHABANK)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	66.65	73.00	73.50	59.00	0.479 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 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 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 short to mid 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 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 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bank Maharashtra in short term but BUY signal is weak.

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 67.86 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.