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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 2024-08-02 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 18161881

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	65.51	64.82	66.58	64.80	0.661 times
01 Thu Aug 2024	66.11	67.01	67.50	65.80	0.541 times
31 Wed Jul 2024	66.94	67.80	67.89	66.83	0.49 times
30 Tue Jul 2024	67.67	68.09	68.48	67.32	0.656 times
29 Mon Jul 2024	68.09	68.90	70.77	68.00	1.714 times
26 Fri Jul 2024	67.73	66.63	68.90	66.22	1.59 times
25 Thu Jul 2024	66.63	66.50	67.59	66.05	0.679 times
24 Wed Jul 2024	67.19	65.10	67.83	64.66	1.287 times
23 Tue Jul 2024	65.19	67.05	67.24	62.93	1.001 times
22 Mon Jul 2024	66.57	65.65	66.82	64.98	0.875 times

My analysis of stock is bearish for shortterm, and stock might move down till 64.4 or till 62.5. Use a stoploss of 66.05 and if the stock hits stoploss, then it can shoot up till 67.68

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	59.00
Downside Target	61.35
Downside Target	62.93
Downside Target	64.80
Upside Target	66.85
Upside Target	68.90
Upside Target	70.77
Upside Target	70.80
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	63.28
Downside Intraday Target	61.06
Upside Intraday Target	69.25
Upside Intraday Target	73
Upside Intraday Target	67.03

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	65.51	68.90	70.77	64.80	0.748 times
26 Fri Jul 2024	67.73	65.65	68.90	62.93	0.425 times
19 Fri Jul 2024	65.65	65.75	70.80	64.80	2.585 times
12 Fri Jul 2024	65.08	63.81	66.85	63.05	1.896 times
05 Fri Jul 2024	63.77	64.90	65.28	63.26	0.69 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
02 Fri Aug 2024	65.51	67.01	67.50	64.80	0.042 times
31 Wed Jul 2024	66.94	64.90	70.80	62.93	1.112 times
28 Fri Jun 2024	64.81	73.00	73.50	59.00	0.945 times
31 Fri May 2024	69.05	70.60	71.50	61.35	0.718 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Bank Maharashtra stock for short term is SELL. Signal strength is Weak 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. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 66.98 and Bank Maharashtra (MAHABANK) stock is trading below this level. This means that stock is falling with high volumes. 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 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.