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Technicals for Bank of Maharashtra
By MusingTheNews
2025-12-11 20:25
Overall Technical outlook
Price Summary
On 2025-12-11, MAHABANK's stock opened at 56.95, reached a peak of 57.75, dropped to 56.55, and ended 0.88% higher at 57.45, with a volume of 13414858 shares. The peak price for the stock in the past 52 weeks is 61.14, with the lowest price being 43.62.
Technicals
Support and Resistance: The price of 57.45 is supported at 56.08 and capped by resistance at 58.33. These levels mark key points for Bank of Maharashtra where the price could find stability, with 56.08 as a floor and 58.33 as a ceiling. Support/Resistance for MAHABANK
Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for MAHABANK. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Aroon chart for Bank of Maharashtra
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Bank of Maharashtra
Parabolic SAR: The PSAR for MAHABANK continues to signal a bearish stance, reinforcing a resistance level that could restrict upward movement. This resistance suggests that the market may remain under bearish pressure, with limited potential for breaking higher. Parabolic Stop and Reverse chart for Bank of Maharashtra
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Bank of Maharashtra
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for MAHABANK, with no strong trend emerging. Tripple SMA chart for Bank of Maharashtra
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
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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