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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 2024-10-23 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 1174066

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	35.73	34.28	37.00	33.01	0.779 times
22 Tue Oct 2024	34.28	36.60	36.78	34.02	0.666 times
21 Mon Oct 2024	36.72	38.00	38.25	36.22	0.682 times
18 Fri Oct 2024	37.80	37.00	38.30	35.71	1.158 times
17 Thu Oct 2024	37.03	36.40	38.25	36.10	2.771 times
16 Wed Oct 2024	35.98	35.60	36.20	35.52	0.238 times
15 Tue Oct 2024	35.74	36.00	36.30	35.52	0.472 times
14 Mon Oct 2024	35.88	35.95	36.93	35.52	0.753 times
11 Fri Oct 2024	35.60	36.20	36.35	35.15	0.587 times
10 Thu Oct 2024	36.33	36.45	36.79	36.11	0.807 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 35.3 as stoploss in an intra day buy trade for a target of 36.42. However, stock will show a bearish move below 35.3.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Target	33.01
Downside Target	34.10
Downside Target	35.52
Upside Target	36.52
Upside Target	38.30
Upside Target	38.69
Upside Target	39.27
Upside Target	39.81
Upside Target	39.92
Upside Target	45.94
Upside Target	46.20
Upside Target	46.30

Intraday share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Intraday Target	33.08
Downside Intraday Target	30.42
Upside Intraday Target	38.32
Upside Intraday Target	40.9
Downside Intraday Target	35.66

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	35.73	38.00	38.25	33.01	0.394 times
18 Fri Oct 2024	37.80	35.95	38.30	35.52	1.043 times
11 Fri Oct 2024	35.60	36.15	38.00	34.10	3.503 times
04 Fri Oct 2024	36.08	38.19	38.25	35.80	0.54 times
27 Fri Sep 2024	38.21	37.45	39.27	37.01	1.034 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
23 Wed Oct 2024	35.73	37.76	38.30	33.01	1.127 times
30 Mon Sep 2024	37.76	39.39	39.92	36.52	0.363 times
30 Fri Aug 2024	38.81	44.90	45.94	38.69	0.975 times
31 Wed Jul 2024	44.55	41.93	46.20	39.81	1.576 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for Dhanlaxmi Bank in short term but the buy 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling 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 36.44 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 negative.

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