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Stock analysis Bank of Maharashtra MAHABANK

More indepth analysis on MunafaSutra.com

Moving Averages for Bank of Maharashtra

  • 5Day Average: 65.16
  • 12Day Average: 63.79
  • 20Day Average: 64.02
  • 50Day Average: 61.65
  • 100Day Average: 55.79
  • 150Day Average: 52.2
  • 200Day Average: 48.36

MAHABANK Indicators & signals

Indicator MACD (12,26,9)

64.25, 63.09, 0.98
Indicator MACD is in positive zone

Indicator ADX (14)

27.73, 30.16, 17.06
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MAHABANK Bank of Maharashtra are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 67.65 65.20 to 69.40 3.68% 4.41 times
25 Thu Apr 2024 65.25 63.90 to 66.00 1.95% 1.84 times
24 Wed Apr 2024 64.00 63.70 to 64.95 -0.78% 0.61 times
23 Tue Apr 2024 64.50 63.75 to 64.85 0.16% 0.84 times
22 Mon Apr 2024 64.40 62.00 to 64.70 4.55% 1.21 times
19 Fri Apr 2024 61.60 59.20 to 62.15 0.41% 0.9 times
18 Thu Apr 2024 61.35 61.00 to 63.45 -1.45% 0.73 times
16 Tue Apr 2024 62.25 60.65 to 62.90 0.97% 0.78 times
15 Mon Apr 2024 61.65 59.35 to 62.65 -3.07% 1.41 times
12 Fri Apr 2024 63.60 63.35 to 65.35 -1.85% 0.88 times
10 Wed Apr 2024 64.80 63.75 to 65.20 0.54% 0.8 times
09 Tue Apr 2024 64.45 63.75 to 65.55 -0.08% 0.87 times

Technical analysis forecast of Bank of Maharashtra Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Bank of Maharashtra MAHABANK at this time. Stock is rising and might rise more.

It appears as if Bank of Maharashtra MAHABANK gave a large move recently.

Stock of Bank of Maharashtra (MAHABANK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Bank of Maharashtra is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 68, for a target of 65.6 or 63.56

More indepth analysis on MunafaSutra.com