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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 2024-06-18 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 31952132

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	65.63	66.70	66.70	65.54	0.438 times
14 Fri Jun 2024	66.33	66.80	67.20	66.15	0.392 times
13 Thu Jun 2024	66.68	67.90	68.10	66.38	0.393 times
12 Wed Jun 2024	67.27	66.80	68.38	66.41	0.709 times
11 Tue Jun 2024	66.39	66.60	67.30	65.50	0.487 times
10 Mon Jun 2024	66.18	66.95	67.45	66.00	0.597 times
07 Fri Jun 2024	66.65	66.20	66.80	65.40	0.582 times
06 Thu Jun 2024	65.95	64.35	67.20	64.20	0.857 times
05 Wed Jun 2024	63.65	64.25	64.55	59.55	1.428 times
04 Tue Jun 2024	63.30	72.00	72.00	59.00	2.18 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 65.3 as stoploss in an intra day buy trade for a target of 67.36. However, stock will show a bearish move below 65.3.

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
Upside Target	68.38
Upside Target	69.45
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	65.21
Downside Intraday Target	64.8
Upside Intraday Target	66.37
Upside Intraday Target	67.12
Upside Intraday Target	65.96

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	65.63	66.70	66.70	65.54	0.17 times
14 Fri Jun 2024	66.33	66.95	68.38	65.50	0.347 times
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

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
18 Tue Jun 2024	65.63	73.00	73.50	59.00	0.674 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 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 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 green color and prices are in or below 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 SELL signal in short term but selling is losing 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 65.07 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 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.