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(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 2024-02-01 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 9656841

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	53.90	56.10	56.65	53.15	0.762 times
31 Wed Jan 2024	54.80	58.50	59.00	54.05	1.663 times
30 Tue Jan 2024	56.40	55.80	56.40	54.15	1.782 times
29 Mon Jan 2024	53.75	51.50	53.75	51.30	0.292 times
25 Thu Jan 2024	51.20	48.30	51.20	47.50	0.682 times
24 Wed Jan 2024	46.55	45.60	49.30	44.55	0.995 times
23 Tue Jan 2024	45.70	49.00	50.35	44.40	2.218 times
22 Mon Jan 2024	46.25	45.00	46.25	44.15	0.78 times
19 Fri Jan 2024	42.05	39.50	42.05	39.50	0.455 times
18 Thu Jan 2024	38.25	40.20	40.80	37.50	0.659 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.7, but if it comes below 50.7, then a intra day sell could be more profitable.
If you take a sell trade below 50.7, then use 50.7 as stoploss and 41.68 as target. However if you take a buy trade in stock , then use 50.7 as stoploss and 61.4 as target.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
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	34.10
Downside Target	36.35
Downside Target	37.50
Downside Target	44.15
Downside Target	51.20
Downside Target	53.15
Upside Target	56.65
Upside Target	59.00

Intraday share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Intraday Target	50.47
Downside Intraday Target	47.03
Upside Intraday Target	58.17
Upside Intraday Target	62.43
Upside Intraday Target	54.73

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	53.90	51.50	59.00	51.30	0.962 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
01 Thu Feb 2024	53.90	56.10	56.65	53.15	0.031 times
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

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 losing 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 SELL signal for Dhanlaxmi Bank in short term but SELL signal is weak.

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 49.71 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.