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Technicals for Bank of Maharashtra
By MusingTheNews
2025-10-17 20:25
Overall Technical outlook
Price Summary
MAHABANK's shares experienced a significant -3.47% collapse, indicating a awful market performance. On 2025-10-16, Bank of Maharashtra's stock began at 59.7, peaked at 61.39, declined to 57.42, and ended the day -3.47% down at 57.63, with 49372896 shares traded. The highest price the stock achieved in the past 52 weeks is 59.3, while the lowest price it saw is 43.62.
Technicals
Support and Resistance: The price of 57.63 is supported at 57.51 and faces resistance at 57.51. This range suggests key levels for MAHABANK where the price may stabilize, with 57.51 acting as a support and 57.51 as a cap on gains. Support/Resistance for MAHABANK
Aroon: The continuation of Aroon's bullish trend, with Aroon Up holding steady at the 100 level, signals strong market momentum. However, further analysis with other indicators is essential to assess the trend's long-term viability and potential for continued growth. Aroon chart for Bank of Maharashtra
Bol. Bands: As the price falls below the upper Bollinger Band, it suggests a potential shift to a downward trend. This movement may indicate that the asset's recent uptrend is losing steam, prompting traders to anticipate a decline. Such a signal could be interpreted as a warning of an overbought condition, where the price correction is likely, making it a critical juncture for trading decisions. Bolinger Bands chart for Bank of Maharashtra
Parabolic SAR: The PSAR for MAHABANK maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment. Parabolic Stop and Reverse chart for Bank of Maharashtra
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Stochastic chart for Bank of Maharashtra
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Tripple SMA chart for Bank of Maharashtra
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
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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