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Technicals for Bank of Maharashtra
By MusingTheNews
2026-01-30 20:25
Overall Technical outlook
Price Summary
On 2026-01-30, Bank of Maharashtra's stock opened at 65.3, reached a high of 67.03, dropped to a low of 63.91, and closed lower -0.05% at 65.27, with a trading volume of 19850364 shares. Over the past 52 weeks, the stock reached a maximum price of 66.77 and a minimum price of 43.62. The future price of MAHABANK is anticipated to range from 68.0 to 80.0, with an expected mean price of 74.33333, according to the recommendations of 3 analysts.
Technicals
Support and Resistance: The current price for MAHABANK is 65.27, supported at 64.03 with resistance at 66.77. This indicates a trading range where 64.03 might prevent further declines, while 66.77 could hinder additional gains. Support/Resistance for MAHABANK
Aroon: The AROON is in a neutral stance for MAHABANK, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for Bank of Maharashtra
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for Bank of Maharashtra
Parabolic SAR: The PSAR for MAHABANK maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment. Parabolic Stop and Reverse chart for Bank of Maharashtra
Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for Bank of Maharashtra. This suggests a period of market balance, where neither side is showing dominance. Stochastic chart for Bank of Maharashtra
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend for Bank of Maharashtra, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum may be weakening. This loss of strength could be a sign that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should watch for signs of a trend change as the current downtrend starts to fade. Tripple SMA chart for Bank of Maharashtra
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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