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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 2024-08-26 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 1692835

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	40.06	40.31	40.65	39.81	0.494 times
23 Fri Aug 2024	40.21	40.95	40.95	40.15	1.921 times
22 Thu Aug 2024	40.45	40.15	40.79	40.15	0.554 times
21 Wed Aug 2024	40.14	40.23	40.53	40.01	0.453 times
20 Tue Aug 2024	40.12	40.34	40.40	40.00	0.377 times
19 Mon Aug 2024	40.09	40.70	40.70	39.83	0.416 times
16 Fri Aug 2024	40.17	40.19	40.44	39.55	0.477 times
14 Wed Aug 2024	39.84	40.00	40.30	38.92	0.902 times
13 Tue Aug 2024	40.00	40.46	41.05	39.80	0.976 times
12 Mon Aug 2024	40.70	43.20	43.20	39.80	2.989 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 40 as stoploss in an intra day buy trade for a target of 41.87. However, stock will show a bearish move below 40.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Target	37.65
Downside Target	38.92
Downside Target	39.70
Upside Target	40.65
Upside Target	42.31
Upside Target	43.20
Upside Target	43.50
Upside Target	44.86
Upside Target	45.94
Upside Target	46.20
Upside Target	46.30
Upside Target	56.65

Intraday share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Intraday Target	39.7
Downside Intraday Target	39.33
Upside Intraday Target	40.54
Upside Intraday Target	41.01
Upside Intraday Target	40.17

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	40.06	40.31	40.65	39.81	0.133 times
23 Fri Aug 2024	40.21	40.70	40.95	39.83	0.696 times
16 Fri Aug 2024	40.17	43.20	43.20	38.92	0.737 times
09 Fri Aug 2024	43.22	44.00	44.86	41.35	0.583 times
02 Fri Aug 2024	45.81	43.06	46.20	42.31	2.289 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
26 Mon Aug 2024	40.06	44.90	45.94	38.92	0.886 times
31 Wed Jul 2024	44.55	41.93	46.20	39.81	1.576 times
28 Fri Jun 2024	41.81	43.00	46.30	37.65	7.432 times
31 Fri May 2024	41.50	41.75	43.50	41.00	0.028 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 SELL signal for Dhanlaxmi Bank in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Dhanlaxmi Bank in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 40.3 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.