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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 2024-02-16 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 6922713

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	47.80	46.75	47.80	46.00	1.733 times
15 Thu Feb 2024	45.55	45.50	45.55	44.90	0.841 times
14 Wed Feb 2024	43.40	42.15	43.40	39.70	1.11 times
13 Tue Feb 2024	41.35	41.55	43.40	41.35	0.885 times
12 Mon Feb 2024	43.50	46.25	46.80	43.50	0.387 times
09 Fri Feb 2024	45.75	46.75	48.00	44.55	0.449 times
08 Thu Feb 2024	46.50	48.90	49.20	46.10	0.687 times
07 Wed Feb 2024	48.30	45.15	48.60	45.15	1.885 times
06 Tue Feb 2024	46.30	46.30	48.10	46.30	1.955 times
05 Mon Feb 2024	48.70	48.70	49.90	48.70	0.393 times

My analysis of stock is bearish for shortterm, and stock might move down till 43.7 or till 38.7. Use a stoploss of 47.95 and if the stock hits stoploss, then it can shoot up till 52.16

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
Downside Target	44.15
Downside Target	47.80
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	42.4
Downside Intraday Target	37
Upside Intraday Target	50.5
Upside Intraday Target	53.2
Downside Intraday Target	45.1

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	47.80	46.25	47.80	39.70	0.923 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 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
16 Fri Feb 2024	47.80	56.10	56.65	39.70	0.374 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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.

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

Dhanlaxmi Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 46.1 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 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.