MAHABANK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

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

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, supported by price action above key moving averages and strong volume.

📈 Moving Averages

DMA 50: ₹54.5

DMA 200: ₹53.7

Current Price: ₹57.2

✅ Price is above both 50-DMA and 200-DMA, confirming a bullish trend. These levels now act as support.

📉 Momentum Indicators

RSI (14-day): 65.7 — Bullish zone, nearing overbought territory.

MACD: +0.35 — Bullish crossover, indicating upward momentum.

Volume: 1.67 crore vs 1-week avg of 1.39 crore — Strong volume surge, confirming active buying interest.

📊 Bollinger Bands

Price is near the upper band, suggesting bullish momentum but also potential short-term volatility or a pause.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 54.5 50-DMA, immediate support

Support 2 52.0 Previous consolidation zone

Resistance 1 59.0 Minor resistance zone

Resistance 2 63.5 52-week high, major breakout level

Resistance 3 68.0 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹54.5–₹56.0 range on pullback with volume confirmation.

Exit Zone: ₹62–₹65 for short-term traders; ₹68+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI strong, and volume spike suggest continued momentum.

RSI nearing 70 may lead to short-term consolidation before resuming trend.

Strong quarterly profit growth (+23.1%) adds fundamental support to technical strength.

🧭 Summary

Trend: Bullish with breakout potential

Momentum: Strong; MACD and price action support upside

Technical Rating: 4.1 — Positive setup with short-term caution due to RSI

Would you like a comparison with other PSU banks like Indian Overseas Bank or UCO Bank to assess sector-wide momentum?

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