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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 2024-02-14 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 7913781

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	43.40	42.15	43.40	39.70	0.971 times
13 Tue Feb 2024	41.35	41.55	43.40	41.35	0.774 times
12 Mon Feb 2024	43.50	46.25	46.80	43.50	0.338 times
09 Fri Feb 2024	45.75	46.75	48.00	44.55	0.393 times
08 Thu Feb 2024	46.50	48.90	49.20	46.10	0.601 times
07 Wed Feb 2024	48.30	45.15	48.60	45.15	1.649 times
06 Tue Feb 2024	46.30	46.30	48.10	46.30	1.71 times
05 Mon Feb 2024	48.70	48.70	49.90	48.70	0.344 times
02 Fri Feb 2024	51.25	54.70	56.00	51.20	1.232 times
01 Thu Feb 2024	53.90	56.10	56.65	53.15	0.929 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 42.2 as stoploss in an intra day buy trade for a target of 47.2. However, stock will show a bearish move below 42.2.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Target	26.25
Downside Target	27.80
Downside Target	29.90
Downside Target	31.50
Downside Target	32.75
Downside Target	34.10
Downside Target	37.50
Downside Target	39.70
Upside Target	44.15
Upside Target	46.80
Upside Target	49.90
Upside Target	51.20
Upside Target	56.65
Upside Target	59.00

Intraday share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Intraday Target	39.8
Downside Intraday Target	36.2
Upside Intraday Target	46.9
Upside Intraday Target	50.4
Downside Intraday Target	43.3

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	43.40	46.25	46.80	39.70	0.444 times
09 Fri Feb 2024	45.75	48.70	49.90	44.55	0.699 times
02 Fri Feb 2024	51.25	51.50	59.00	51.20	1.178 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

Price has moved down 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
14 Wed Feb 2024	43.40	56.10	56.65	39.70	0.299 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Dhanlaxmi Bank ( (DHANBANK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Dhanlaxmi Bank in short term but the sell signal is initial and weak.

Dhanlaxmi Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Dhanlaxmi Bank in short term but BUY 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 47.37 and Dhanlaxmi Bank (DHANBANK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.