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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 2024-09-20 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 697612

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	37.19	36.97	37.69	36.55	0.878 times
19 Thu Sep 2024	36.97	37.95	38.40	36.52	1.079 times
18 Wed Sep 2024	37.80	38.20	38.46	37.70	0.957 times
17 Tue Sep 2024	38.12	38.66	38.86	37.90	0.591 times
16 Mon Sep 2024	38.66	39.30	39.40	38.26	0.939 times
13 Fri Sep 2024	39.18	38.49	39.50	38.41	1.173 times
12 Thu Sep 2024	38.35	38.35	38.67	38.01	1.001 times
11 Wed Sep 2024	38.07	38.15	38.55	37.75	0.685 times
10 Tue Sep 2024	38.10	37.90	38.70	37.30	1.067 times
09 Mon Sep 2024	37.87	38.25	38.37	37.16	1.265 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.8, but if it comes above 37.8, then a intra day buy could be more profitable.
If you take a sell trade below 37.8, then use 37.8 as stoploss and 36.8 as target. However if you take a buy trade in stock , then use 37.8 as stoploss and 38.53 as target.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Target	36.52
Upside Target	39.92
Upside Target	40.65
Upside Target	40.95
Upside Target	41.00
Upside Target	43.50
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	36.01
Downside Intraday Target	34.82
Upside Intraday Target	38.89
Upside Intraday Target	40.58
Upside Intraday Target	37.7

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	37.19	39.30	39.40	36.52	0.856 times
13 Fri Sep 2024	39.18	38.25	39.50	37.16	0.857 times
06 Fri Sep 2024	38.20	39.39	39.92	38.00	0.944 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

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
20 Fri Sep 2024	37.19	39.39	39.92	36.52	0.274 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 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 Strong and stock is losing 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 getting stronger in this stock.

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

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 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 38.04 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.