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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 2024-09-05 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 1136562

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	38.73	39.25	39.33	38.61	0.579 times
04 Wed Sep 2024	39.19	38.50	39.92	38.30	1.301 times
03 Tue Sep 2024	38.63	39.00	39.00	38.40	0.456 times
02 Mon Sep 2024	38.59	39.39	39.39	38.50	0.619 times
30 Fri Aug 2024	38.81	38.90	39.35	38.75	0.524 times
29 Thu Aug 2024	38.81	39.63	39.63	38.69	0.83 times
28 Wed Aug 2024	39.65	40.09	40.09	39.50	0.82 times
27 Tue Aug 2024	39.66	40.00	40.25	39.35	1.027 times
26 Mon Aug 2024	40.06	40.31	40.65	39.81	0.737 times
23 Fri Aug 2024	40.21	40.95	40.95	40.15	2.861 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.8, but if it comes above 38.8, then a intra day buy could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 37.5 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 39.96 as target.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Target	37.65
Upside Target	39.81
Upside Target	40.95
Upside Target	41.00
Upside Target	41.35
Upside Target	43.20
Upside Target	43.50
Upside Target	44.86
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	38.05
Downside Intraday Target	37.36
Upside Intraday Target	39.67
Upside Intraday Target	40.6
Upside Intraday Target	38.98

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	38.73	39.39	39.92	38.30	0.751 times
30 Fri Aug 2024	38.81	40.31	40.65	38.69	0.71 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

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
05 Thu Sep 2024	38.73	39.39	39.92	38.30	0.084 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
28 Fri Jun 2024	41.81	43.00	46.30	37.65	7.432 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 Weak 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 BUY signal in short term and the buying is gaining 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 39.5 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.