MAHABANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | MAHABANK | Market Cap | 49,326 Cr. | Current Price | 64.1 ₹ | High / Low | 77.0 ₹ |
| Stock P/E | 7.59 | Book Value | 43.3 ₹ | Dividend Yield | 2.34 % | ROCE | 5.78 % |
| ROE | 22.9 % | Face Value | 10.0 ₹ | DMA 50 | 65.9 ₹ | DMA 200 | 60.2 ₹ |
| Chg in FII Hold | 2.57 % | Chg in DII Hold | 3.44 % | PAT Qtr | 1,779 Cr. | PAT Prev Qtr | 1,633 Cr. |
| RSI | 43.4 | MACD | -0.73 | Volume | 1,54,33,240 | Avg Vol 1Wk | 1,80,04,156 |
| Low price | 38.1 ₹ | High price | 77.0 ₹ | PEG Ratio | 0.11 | Debt to equity | 10.6 |
| 52w Index | 66.9 % | Qtr Profit Var | 26.5 % | EPS | 8.45 ₹ | Industry PE | 7.57 |
📈 Chart & Trend Analysis: MAHABANK is trading below its 50 DMA (65.9 ₹) but above its 200 DMA (60.2 ₹), with the current price at 64.1 ₹. This indicates consolidation with mild bearish bias in the short term, though long-term support remains intact.
📊 Momentum Indicators: RSI at 43.4 shows weak momentum, leaning towards oversold territory. MACD at -0.73 confirms bearish crossover, signaling short-term weakness.
📉 Bollinger Bands & Volume: Price is near the lower band, suggesting potential support but also weakness. Current volume (1,54,33,240) is below weekly average (1,80,04,156), showing reduced participation and lack of strong buying interest.
🔑 Support & Resistance Zones:
- Support: 60.2 ₹ (200 DMA), 38.1 ₹ (major low)
- Resistance: 65.9 ₹ (50 DMA), 70–72 ₹ (trendline resistance), 77 ₹ (52-week high)
Optimal Entry: 62–64 ₹ (near support)
Optimal Exit: 66–72 ₹ (resistance zone)
📌 Trend Status: The stock is consolidating with bearish bias, showing weak momentum and indecision around moving averages.
Positive
- EPS of 8.45 ₹ supports valuation strength.
- Quarterly PAT improved to 1,779 Cr. from 1,633 Cr., showing earnings growth.
- Dividend yield of 2.34% provides attractive shareholder returns.
- FII holding increased (+2.57%) and DII holding increased (+3.44%), reflecting strong institutional confidence.
- ROE (22.9%) indicates strong shareholder returns.
Limitation
- ROCE (5.78%) is modest compared to peers.
- High debt-to-equity ratio (10.6) indicates leveraged balance sheet.
- Weak RSI and negative MACD show lack of momentum.
- Stock trading below 50 DMA, reflecting short-term weakness.
Company Negative News
- Stock trading below 50 DMA, reflecting near-term weakness.
- Volume participation is below average, limiting breakout potential.
Company Positive News
- Quarterly profit variation (+26.5%) indicates strong earnings momentum.
- FII and DII holdings both increased, showing strong institutional support.
Industry
- Industry PE at 7.57 is slightly lower than MAHABANK’s PE (7.59), suggesting fair valuation relative to peers.
- Banking sector outlook remains stable with credit growth and rising retail demand, though PSU banks face asset quality challenges.
Conclusion
⚖️ MAHABANK is consolidating with bearish bias, trading below its 50 DMA but above its 200 DMA. Fundamentals show strong ROE, EPS growth, and institutional support, but modest ROCE and high leverage limit upside. Traders may consider entry near 62–64 ₹ with exits around 66–72 ₹. Momentum confirmation is needed before aggressive positioning, as short-term signals remain weak despite improving fundamentals.
Would you like me to extend this into a peer benchmarking overlay comparing MAHABANK against other PSU banks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?