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Technicals for Bank of Maharashtra
By MusingTheNews
2025-08-15 20:25
Overall Technical outlook
Price Summary
2025-08-13, saw MAHABANK's stock open at 55.5, hit a peak of 56.07, fall to a low of 54.95, and close lower -0.79% at 55.06, with 3135557 shares changing hands. In the 52-week period, the stock's peak price is 63.15, and the lowest price recorded is 43.62.
Technicals
Support and Resistance: The current price of 55.06 is supported at 53.11, with resistance at 57.51. This suggests that the price for MAHABANK might remain between these levels, where 53.11 acts as a floor and 57.51 as a ceiling in the market. Support/Resistance for MAHABANK
Aroon: The AROON is showing a neutral stance, not indicating a clear upward or downward trend for Bank of Maharashtra. This suggests a period of market balance, where neither side is showing dominance. Aroon chart for Bank of Maharashtra
Bol. Bands: The current reading of the BOLL BANDS is neutral for MAHABANK, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for Bank of Maharashtra
Parabolic SAR: The PSAR remains in a bearish mode, establishing a resistance level that could hinder any attempts at upward movement for MAHABANK. This resistance reinforces the bearish sentiment, indicating that the market may continue to face challenges in pushing higher. Parabolic Stop and Reverse chart for Bank of Maharashtra
Stochastic: The STOCHASTIC is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for MAHABANK, with no strong trend emerging. Stochastic chart for Bank of Maharashtra
Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages for MAHABANK points to a bearish trend, which is further confirmed by their downward slopes. The consistent decline in these averages signals a continuing overall bearish trend, with the market likely to remain under pressure. This alignment and the reinforcing slopes indicate a persistent downtrend with no immediate signs of reversal. Tripple SMA chart for Bank of Maharashtra
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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