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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 2024-06-27 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 16940419

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	65.08	64.60	65.30	63.82	0.685 times
26 Wed Jun 2024	64.66	65.10	65.81	64.45	0.852 times
25 Tue Jun 2024	64.98	66.18	66.30	64.70	0.621 times
24 Mon Jun 2024	66.01	65.00	66.20	64.50	1.012 times
21 Fri Jun 2024	65.17	66.30	66.60	64.70	1.047 times
20 Thu Jun 2024	66.28	65.89	67.40	65.69	1.454 times
19 Wed Jun 2024	65.45	65.75	67.45	64.25	1.371 times
18 Tue Jun 2024	65.63	66.70	66.70	65.54	0.826 times
14 Fri Jun 2024	66.33	66.80	67.20	66.15	0.739 times
13 Thu Jun 2024	66.68	67.90	68.10	66.38	0.74 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 64.3 as stoploss in an intra day buy trade for a target of 66.22. However, stock will show a bearish move below 64.3.

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	63.82
Upside Target	68.38
Upside Target	69.45
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	63.83
Downside Intraday Target	62.59
Upside Intraday Target	66.31
Upside Intraday Target	67.55
Downside Intraday Target	65.07

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	65.08	65.00	66.30	63.82	0.675 times
21 Fri Jun 2024	65.17	66.70	67.45	64.25	0.966 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

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
27 Thu Jun 2024	65.08	73.00	73.50	59.00	0.915 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bank Maharashtra ( (MAHABANK) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Bank Maharashtra stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Bank Maharashtra Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 65.66 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 positive

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