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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 2024-08-22 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 9413161

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	62.79	63.11	63.85	62.50	0.885 times
21 Wed Aug 2024	63.05	63.64	63.64	62.73	0.834 times
20 Tue Aug 2024	63.15	62.99	63.55	62.35	0.791 times
19 Mon Aug 2024	62.50	61.30	62.75	61.30	0.979 times
16 Fri Aug 2024	61.17	61.25	61.46	60.81	0.618 times
14 Wed Aug 2024	60.55	60.35	61.08	59.71	1.191 times
13 Tue Aug 2024	60.13	61.15	61.65	60.00	1.085 times
12 Mon Aug 2024	61.12	61.90	61.90	61.00	1.03 times
09 Fri Aug 2024	61.92	62.85	62.99	61.60	1.28 times
08 Thu Aug 2024	62.09	62.80	63.48	61.90	1.214 times

My analysis of stock is bearish for shortterm, and stock might move down till 61.1 or till 58. Use a stoploss of 63.68 and if the stock hits stoploss, then it can shoot up till 66.25

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	61.44
Downside Intraday Target	60.1
Upside Intraday Target	63.99
Upside Intraday Target	65.2
Downside Intraday Target	62.65

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	62.79	61.30	63.85	61.30	0.889 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
22 Thu Aug 2024	62.79	67.01	67.50	59.71	0.305 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY signal for Bank Maharashtra in short term but the buy signal is initial and weak.

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

Bank Maharashtra Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 61.78 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.