MAHABANK - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.0

Here’s a detailed technical analysis of Bank of Maharashtra (MAHABANK)

📉 Trend Overview

Current Price: ₹56.8 is above both the 50-DMA (₹55.1) and 200-DMA (₹53.4), indicating bullish momentum.

Trend Status: The stock is trending upward, supported by strong moving average alignment and improving price structure.

📊 Momentum Indicators

RSI (54.3): In the neutral-to-bullish zone, suggesting room for upside without being overbought.

MACD (0.45): Positive and above the signal line, confirming bullish momentum.

Volume: Current volume (56L) is below the 1-week average (92.6L), indicating mild caution on participation.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹55.1 Support

200-DMA ₹53.4 Strong Support

Price > DMA Bullish

📌 Bollinger Bands

Price is near the middle band, indicating neutral momentum.

Bands are moderately tight, suggesting low volatility and a potential breakout setup.

🔍 Support & Resistance Zones

Level Type

₹53.4 Strong Support (200-DMA)

₹55.1 Intermediate Support (50-DMA)

₹58.5–₹60.0 Resistance Zone

₹68.5 Major Resistance (52W High)

🎯 Entry & Exit Zones

Entry Zone: ₹54–₹55.5 (on pullback with volume confirmation)

Exit Zone: ₹60–₹68.5 (near resistance and 52W high)

⚡ Short-Term Signals

MACD crossover and price above key moving averages signal bullish continuation.

RSI is healthy, not overbought.

Volume needs to pick up for sustained breakout.

🧭 Summary

Technical Rating: 4.0

Trend: Bullish

Momentum: Positive

Strategy: Buy on dips near ₹54–₹55.5 with a target of ₹60–₹68.5. Monitor RSI and volume for breakout confirmation.

Would you like to compare this setup with other PSU banks like Indian Bank or Canara Bank?

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