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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 2024-09-24 View latest technical analysis

10 day averaged volume of Dhanlaxmi Bank is 712965

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	37.94	38.52	38.74	37.81	0.724 times
23 Mon Sep 2024	38.51	37.45	39.27	37.01	1.811 times
20 Fri Sep 2024	37.19	36.97	37.69	36.55	0.859 times
19 Thu Sep 2024	36.97	37.95	38.40	36.52	1.056 times
18 Wed Sep 2024	37.80	38.20	38.46	37.70	0.937 times
17 Tue Sep 2024	38.12	38.66	38.86	37.90	0.578 times
16 Mon Sep 2024	38.66	39.30	39.40	38.26	0.919 times
13 Fri Sep 2024	39.18	38.49	39.50	38.41	1.147 times
12 Thu Sep 2024	38.35	38.35	38.67	38.01	0.979 times
11 Wed Sep 2024	38.07	38.15	38.55	37.75	0.67 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 37.7 as stoploss in an intra day buy trade for a target of 38.37. However, stock will show a bearish move below 37.7.

Share price targets for Dhanlaxmi Bank (DHANBANK)

Target Type	Value
Downside Target	36.52
Upside Target	39.81
Upside Target	39.92
Upside Target	40.65
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	36.88
Downside Intraday Target	35.81
Upside Intraday Target	39.14
Upside Intraday Target	40.33
Upside Intraday Target	38.07

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	37.94	37.45	39.27	37.01	0.583 times
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

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
24 Tue Sep 2024	37.94	39.39	39.92	36.52	0.32 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 BUY. Signal strength is Weak 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 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 but SELL signal is weak.

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 38.14 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.