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Stock analysis Bank of Maharashtra MAHABANK

More indepth analysis on MunafaSutra.com

Moving Averages for Bank of Maharashtra

  • 5Day Average: 65.77
  • 12Day Average: 65.97
  • 20Day Average: 67.01
  • 50Day Average: 65.96
  • 100Day Average: 63.15
  • 150Day Average: 57.65
  • 200Day Average: 54.33

MAHABANK Indicators & signals

Indicator MACD (12,26,9)

66.17, 66.27, 0.15
Indicator MACD is in negative zone

Indicator ADX (14)

18.97, 17.87, 26.24
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
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
21 Fri Jun 2024 65.17 64.70 to 66.60 -1.67% 0.93 times
20 Thu Jun 2024 66.28 65.69 to 67.40 1.27% 1.3 times
19 Wed Jun 2024 65.45 64.25 to 67.45 -0.27% 1.22 times
18 Tue Jun 2024 65.63 65.54 to 66.70 -1.06% 0.74 times
14 Fri Jun 2024 66.33 66.15 to 67.20 -0.52% 0.66 times
13 Thu Jun 2024 66.68 66.38 to 68.10 -0.88% 0.66 times
12 Wed Jun 2024 67.27 66.41 to 68.38 1.33% 1.19 times
11 Tue Jun 2024 66.39 65.50 to 67.30 0.32% 0.82 times
10 Mon Jun 2024 66.18 66.00 to 67.45 -0.71% 1 times
07 Fri Jun 2024 66.65 65.40 to 66.80 1.06% 0.98 times
06 Thu Jun 2024 65.95 64.20 to 67.20 3.61% 1.44 times
05 Wed Jun 2024 63.65 59.55 to 64.55 0.55% 2.4 times

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

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

Stock of Bank of Maharashtra (MAHABANK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Bank of Maharashtra is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 64.2 as stoploss in an intra day buy trade for a target of 66.32. However, stock will show a bearish move below 64.2.

More indepth analysis on MunafaSutra.com