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Technicals for Bank of Maharashtra
By MusingTheNews
2025-06-13 20:25
Overall Technical outlook
Price Summary
Bank of Maharashtra had a mediocre day at the stock market, and its shares sank -3.84%. Bank of Maharashtra's stock, on 2025-06-12 opened at 56.25, climbed to a high of 56.44, dropped to a low of 53.85, and closed up -3.84% at 54.09, with 15393359 shares traded. The highest price the stock achieved in the past 52 weeks is 68.75, while the lowest price it saw is 43.62.
Technicals
Support and Resistance: The current price of 54.09 for MAHABANK is supported at 53.08 and faces resistance at 55.13. These levels indicate that 53.08 could act as a floor, while 55.13 might limit any further price increases. Support/Resistance for MAHABANK
Aroon: The current state of the AROON is neutral for MAHABANK, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Aroon chart for Bank of Maharashtra
Bol. Bands: The current state of the BOLL BANDS is neutral for MAHABANK, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Bank of Maharashtra
Parabolic SAR: The PSAR continues to signal a bullish outlook, establishing a key support level that reinforces the market's upward momentum. This support could serve as a base for continued gains, suggesting that the bullish trend is likely to persist. Parabolic Stop and Reverse chart for Bank of Maharashtra
Stochastic: The current state of the STOCHASTIC is neutral for MAHABANK, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Stochastic chart for Bank of Maharashtra
Tripple Moving Agerage: The 20, 50, and 100 moving averages for Bank of Maharashtra are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend. Tripple SMA chart for Bank of Maharashtra
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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