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(DHANBANK_BE) Dhanlaxmi Bank complete technical analysis [charts+indicators] | Buy/Sell Dhanlaxmi Bank | (DHANBANK_BE) share price targets

Complete technical analysis of Dhanlaxmi Bank (DHANBANK_BE) by charts plus indicators, forecast predictions and share price targets for Dhanlaxmi Bank (DHANBANK_BE)

10 day averaged volume of Dhanlaxmi Bank is 446974

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 42.30 42.40 42.60 42.00 0.892 times
16 Thu May 2024 42.15 42.30 42.60 41.20 0.915 times
15 Wed May 2024 42.30 42.30 42.85 42.00 0.889 times
14 Tue May 2024 42.15 42.10 43.15 42.00 0.997 times
13 Mon May 2024 42.55 42.45 43.10 40.00 1.318 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 42.1 as stoploss in an intra day buy trade for a target of 43.1. However, stock will show a bearish move below 42.1.

Share price targets for Dhanlaxmi Bank (DHANBANK_BE)

Target Type Value
Downside Target 16.30
Downside Target 17.00
Downside Target 38.80
Downside Target 40.00
Upside Target 42.80
Upside Target 44.05
Upside Target 44.95
Upside Target 45.20
Upside Target 45.65
Upside Target 45.85
Upside Target 49.00
Upside Target 49.40
Upside Target 50.75

Intraday share price targets for Dhanlaxmi Bank (DHANBANK_BE)

Target Type Value
Downside Intraday Target 40.48
Downside Intraday Target 38.67
Upside Intraday Target 43.63
Upside Intraday Target 44.97
Downside Intraday Target 41.82

Weekly technical analysis of Dhanlaxmi Bank (DHANBANK_BE)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 42.30 42.45 43.15 40.00 1.004 times
10 Fri May 2024 41.45 43.85 44.05 40.75 0.869 times
03 Fri May 2024 43.55 44.40 45.20 42.80 0.757 times
26 Fri Apr 2024 44.45 44.55 45.65 42.90 0.966 times
19 Fri Apr 2024 44.35 44.00 45.85 41.75 0.839 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_BE)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 42.30 44.95 44.95 40.00 0.273 times
30 Tue Apr 2024 44.15 42.50 49.40 41.30 1.113 times
28 Thu Mar 2024 41.25 46.00 49.00 38.80 3.729 times
29 Thu Feb 2024 45.50 50.75 50.75 45.00 10.674 times

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_BE)

Indicator Name Indicator Value Indicator Signal
ADX 14, 23, 22 Sell
MACD 1, 1Sell
Stochastics 50None
CCI 24Buy
RSI 65Buy
OBV -2782394Sell
VWAP 42Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Dhanlaxmi Bank ( (DHANBANK_BE) ) 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_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Dhanlaxmi Bank ( (DHANBANK_BE) ) 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_BE) ) 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 but the sell signal is initial and weak.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Dhanlaxmi Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 42.17 and Dhanlaxmi Bank (DHANBANK_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Dhanlaxmi Bank (DHANBANK_BE) stock. Volume based technical analysis of Dhanlaxmi Bank (DHANBANK_BE) 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.

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