MAHABANK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.2

📈 MAHABANK is currently trending upward with bullish momentum indicators and strong volume. The stock is approaching its 52-week high and shows signs of continued strength.

📊 Technical Analysis Summary

• Trend Status: Trending upward
• RSI (55.6): Bullish zone — healthy momentum
• MACD (0.93): Positive crossover — confirms upward momentum
• Volume: ~50% above 1-week average — strong buying interest
• DMA 50 & 200: Price above both — confirms bullish structure
• Bollinger Bands: Price near upper band — momentum strong, breakout possible

🎯 Entry & Exit Zones

• Support Levels: ₹56.8, ₹54.7, ₹52.5
• Resistance Levels: ₹61.4, ₹64.0, ₹67.5
• Optimal Entry: ₹57–₹59 (on minor pullback)
• Exit Target: ₹64–₹67.5 (short-term resistance)

✅ Positive

• Strong ROE (22.9%) — excellent capital efficiency
• EPS of ₹7.96 — solid earnings profile
• Price above key moving averages — confirms bullish momentum
• Dividend yield of 2.52% — attractive for income investors
• FII holding increased by 0.46% — institutional confidence

⚠️ Limitation

• High debt-to-equity ratio (10.6) — leverage risk
• DII holding declined by 0.34% — domestic sentiment softening
• PEG ratio (0.11) — limited growth visibility

📉 Company Negative News

• Valuation close to industry average — limited upside from re-rating
• High leverage may impact future growth flexibility

📈 Company Positive News

• Quarterly PAT improved from ₹1,593 Cr to ₹1,633 Cr — 23.1% growth
• Stock returned 93.4% over the past year — strong performance

🏭 Industry

• Sector: Banking / PSU
• Industry P/E: 8.10 vs MAHABANK’s P/E: 7.57 — slightly undervalued
• Sector outlook supported by credit growth and NPA moderation

🧾 Conclusion

• MAHABANK is in a bullish trend with strong technical indicators
• Entry near ₹57–₹59 with targets at ₹64–₹67.5
• Monitor RSI and volume for signs of continuation or exhaustion
• Long-term outlook remains positive with strong fundamentals and sector tailwinds