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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 2024-08-19 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 11610281

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	62.50	61.30	62.75	61.30	0.794 times
16 Fri Aug 2024	61.17	61.25	61.46	60.81	0.501 times
14 Wed Aug 2024	60.55	60.35	61.08	59.71	0.966 times
13 Tue Aug 2024	60.13	61.15	61.65	60.00	0.88 times
12 Mon Aug 2024	61.12	61.90	61.90	61.00	0.835 times
09 Fri Aug 2024	61.92	62.85	62.99	61.60	1.037 times
08 Thu Aug 2024	62.09	62.80	63.48	61.90	0.984 times
07 Wed Aug 2024	62.86	62.48	63.15	61.90	0.793 times
06 Tue Aug 2024	61.50	63.16	64.15	61.01	1.15 times
05 Mon Aug 2024	62.17	63.69	64.16	62.00	1.819 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 61.5 as stoploss in an intra day buy trade for a target of 64.18. However, stock will show a bearish move below 61.5.

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	59.00
Downside Target	61.01
Upside Target	64.16
Upside Target	64.80
Upside Target	67.50
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	61.62
Downside Intraday Target	60.73
Upside Intraday Target	63.07
Upside Intraday Target	63.63
Downside Intraday Target	62.18

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	62.50	61.30	62.75	61.30	0.249 times
16 Fri Aug 2024	61.17	61.90	61.90	59.71	0.55 times
09 Fri Aug 2024	61.92	63.69	64.16	61.01	0.91 times
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

Price has moved up 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
19 Mon Aug 2024	62.50	67.01	67.50	59.71	0.26 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bank Maharashtra in short term and BUY 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 61.65 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.