MAHABANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | MAHABANK | Market Cap | 61,617 Cr. | Current Price | 80.1 ₹ | High / Low | 85.9 ₹ |
| Stock P/E | 8.78 | Book Value | 43.0 ₹ | Dividend Yield | 1.87 % | ROCE | 6.03 % |
| ROE | 22.8 % | Face Value | 10.0 ₹ | DMA 50 | 75.4 ₹ | DMA 200 | 65.7 ₹ |
| Chg in FII Hold | 0.63 % | Chg in DII Hold | 0.43 % | PAT Qtr | 2,014 Cr. | PAT Prev Qtr | 1,779 Cr. |
| RSI | 56.0 | MACD | 1.42 | Volume | 75,60,404 | Avg Vol 1Wk | 1,20,88,495 |
| Low price | 50.7 ₹ | High price | 85.9 ₹ | PEG Ratio | 0.22 | Debt to equity | 11.6 |
| 52w Index | 83.4 % | Qtr Profit Var | 34.9 % | EPS | 9.13 ₹ | Industry PE | 7.92 |
- 📈 Chart Patterns: MAHABANK is trading at 80.1 ₹, close to its recent high of 85.9 ₹. Support lies around 78–79 ₹, resistance near 83–85 ₹. Trendlines suggest bullish continuation with consolidation near resistance.
- 📊 Moving Averages: Price is above both 50 DMA (75.4 ₹) and 200 DMA (65.7 ₹), confirming strong medium- and long-term strength.
- 📉 RSI: At 56.0, RSI is neutral-to-bullish, showing balanced momentum without overbought signals.
- 📈 MACD: Positive (1.42), confirming bullish divergence and short-term upward bias.
- 📊 Bollinger Bands: Price is near the upper band, suggesting stretched levels and possible consolidation.
- 📊 Volume Trends: Current volume (75,60,404) is below weekly average (1,20,88,495), showing reduced participation despite price strength.
- 📌 Momentum Signals: Entry zone around 78–79 ₹; exit zone near 83–85 ₹.
- 🔄 Trend Status: Trending upward with bullish bias.
Positive
- EPS of 9.13 ₹ supports earnings base.
- PAT improved to 2,014 Cr. from 1,779 Cr. (+34.9%).
- Price above both 50 DMA and 200 DMA confirms bullish structure.
- Dividend yield of 1.87% adds shareholder value.
- FII (+0.63%) and DII (+0.43%) holdings increased, showing investor confidence.
Limitation
- RSI neutral, limiting immediate upside momentum.
- Volume below average, reducing conviction in breakout.
- ROCE (6.03%) modest compared to peers.
- Debt-to-equity ratio high at 11.6, typical for banks but adds leverage risk.
Company Negative News
- High leverage compared to industry peers.
- Valuation slightly above industry average despite modest ROCE.
Company Positive News
- Strong quarterly profit growth.
- Institutional inflows support momentum.
- Technical strength supported by MACD and DMA levels.
Industry
- Industry P/E at 7.92 highlights sector trading at similar multiples.
- Banking sector remains resilient but sensitive to credit quality and leverage risks.
Conclusion
MAHABANK is trending upward with bullish bias supported by strong quarterly earnings, price above key moving averages, and institutional inflows. Entry near 78–79 ₹ offers favorable positioning, with exit targets around 83–85 ₹. High leverage and modest ROCE warrant cautious trading with strict stop-loss discipline.
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