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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 2024-09-19 View latest technical analysis

10 day averaged volume of Bank Maharashtra is 6247725

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	57.90	60.00	60.48	57.40	1.358 times
18 Wed Sep 2024	59.06	59.80	60.00	58.95	0.784 times
17 Tue Sep 2024	59.81	60.80	60.85	59.60	0.727 times
16 Mon Sep 2024	60.64	61.11	61.96	60.40	1.192 times
13 Fri Sep 2024	61.02	59.10	61.33	58.84	1.977 times
12 Thu Sep 2024	58.72	58.90	59.36	58.50	0.812 times
11 Wed Sep 2024	58.54	59.70	59.98	58.40	0.943 times
10 Tue Sep 2024	59.73	59.25	60.10	59.25	0.728 times
09 Mon Sep 2024	59.09	60.20	60.42	58.81	1.037 times
06 Fri Sep 2024	60.20	61.13	61.42	60.01	1.062 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 57.4, for a target of 59.3 or 60.82

Share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Target	57.40
Upside Target	61.30
Upside Target	62.79
Upside Target	62.93
Upside Target	63.62
Upside Target	63.85
Upside Target	67.50
Upside Target	70.80
Upside Target	71.50
Upside Target	73.50

Intraday share price targets for Bank Maharashtra (MAHABANK)

Target Type	Value
Downside Intraday Target	56.21
Downside Intraday Target	54.53
Upside Intraday Target	60.77
Upside Intraday Target	63.65
Upside Intraday Target	59.09

Weekly technical analysis of Bank Maharashtra (MAHABANK)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	57.90	61.11	61.96	57.40	0.738 times
13 Fri Sep 2024	61.02	60.20	61.33	58.40	1.369 times
06 Fri Sep 2024	60.20	62.60	62.79	60.01	0.581 times
30 Fri Aug 2024	62.57	63.00	63.62	61.61	1.137 times
23 Fri Aug 2024	62.31	61.30	63.85	61.30	1.028 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
19 Thu Sep 2024	57.90	62.60	62.79	57.40	0.409 times
30 Fri Aug 2024	62.57	67.01	67.50	59.71	0.398 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

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 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 term time period is neutral. A longer time frame might give a better analysis.

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 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 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 but buying 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 59.6 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 negative.

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