Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(DHANBANK) Dhanlaxmi Bank complete technical analysis [charts+indicators] | Buy/Sell Dhanlaxmi Bank | (DHANBANK) share price targets

Complete technical analysis of Dhanlaxmi Bank (DHANBANK) by charts plus indicators, forecast predictions and share price targets for Dhanlaxmi Bank (DHANBANK)

Dhanlaxmi Bank trades in NSE in Banks sector.

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 10135352

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	54.80	58.50	59.00	54.05	1.585 times
30 Tue Jan 2024	56.40	55.80	56.40	54.15	1.698 times
29 Mon Jan 2024	53.75	51.50	53.75	51.30	0.278 times
25 Thu Jan 2024	51.20	48.30	51.20	47.50	0.65 times
24 Wed Jan 2024	46.55	45.60	49.30	44.55	0.948 times
23 Tue Jan 2024	45.70	49.00	50.35	44.40	2.113 times
22 Mon Jan 2024	46.25	45.00	46.25	44.15	0.743 times
19 Fri Jan 2024	42.05	39.50	42.05	39.50	0.433 times
18 Thu Jan 2024	38.25	40.20	40.80	37.50	0.628 times
17 Wed Jan 2024	40.05	40.50	42.00	39.20	0.451 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.3, but if it comes below 49.3, then a intra day sell could be more profitable.
If you take a sell trade below 49.3, then use 49.3 as stoploss and 40.56 as target. However if you take a buy trade in stock , then use 49.3 as stoploss and 59.9 as target.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Target	22.35
Downside Target	26.25
Downside Target	27.80
Downside Target	29.90
Downside Target	30.55
Downside Target	31.50
Downside Target	32.75
Downside Target	33.80
Downside Target	36.35
Downside Target	37.50
Downside Target	44.15
Downside Target	51.20
Downside Target	51.30
Upside Target	59.00

Intraday share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Intraday Target	51.07
Downside Intraday Target	47.33
Upside Intraday Target	58.77
Upside Intraday Target	62.73
Upside Intraday Target	55.03

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	54.80	51.50	59.00	51.30	0.799 times
25 Thu Jan 2024	51.20	45.00	51.20	44.15	0.521 times
19 Fri Jan 2024	42.05	39.75	45.00	37.50	1.772 times
12 Fri Jan 2024	36.30	31.10	36.35	29.90	2.479 times
05 Fri Jan 2024	30.85	30.80	32.90	30.55	2.241 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	54.80	30.80	59.00	29.90	3.06 times
29 Fri Dec 2023	30.65	28.50	32.75	28.25	1.561 times
30 Thu Nov 2023	28.30	28.80	31.50	27.80	0.467 times
31 Tue Oct 2023	28.70	29.25	34.10	26.25	0.438 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Dhanlaxmi Bank (DHANBANK)

Price action analysis of Dhanlaxmi Bank ( (DHANBANK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Dhanlaxmi Bank ( (DHANBANK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Dhanlaxmi Bank ( (DHANBANK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Dhanlaxmi Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Dhanlaxmi Bank in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Dhanlaxmi Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Dhanlaxmi Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Dhanlaxmi Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.93 and Dhanlaxmi Bank (DHANBANK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Dhanlaxmi Bank (DHANBANK) stock. Volume based technical analysis of Dhanlaxmi Bank (DHANBANK) stock is negative.

Dhanlaxmi Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.