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Stock analysis Dhanlaxmi Bank Limited DHANBANK

More indepth analysis on MunafaSutra.com

Moving Averages for Dhanlaxmi Bank Limited

  • 5Day Average: 41.16
  • 12Day Average: 39.53
  • 20Day Average: 37.45
  • 50Day Average: 35.47
  • 100Day Average: 37.17
  • 150Day Average: 38.93
  • 200Day Average: 39.22

DHANBANK Indicators & signals

Indicator MACD (12,26,9)

39.48, 37.58, 1.46
Indicator MACD is in positive zone

Indicator ADX (14)

51.81, 31.5, 10
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DHANBANK Dhanlaxmi Bank Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Fri Dec 2024 41.82 41.00 to 42.80 3.64% 2.25 times
19 Thu Dec 2024 40.35 39.24 to 41.20 -0.47% 0.6 times
18 Wed Dec 2024 40.54 40.13 to 43.00 0% 0.96 times
18 Wed Dec 2024 40.54 40.13 to 43.00 -4.68% 0.96 times
17 Tue Dec 2024 42.53 39.51 to 43.20 6.22% 2.88 times
16 Mon Dec 2024 40.04 39.60 to 41.60 0.38% 1.04 times
13 Fri Dec 2024 39.89 38.27 to 40.00 1.99% 1.33 times
12 Thu Dec 2024 39.11 36.52 to 39.79 6.05% 1.23 times
11 Wed Dec 2024 36.88 36.50 to 37.76 -0.43% 0.42 times
10 Tue Dec 2024 37.04 36.81 to 37.85 -1.46% 0.26 times
09 Mon Dec 2024 37.59 37.28 to 38.34 -1.21% 0.32 times
06 Fri Dec 2024 38.05 37.16 to 39.24 1.09% 1.06 times

Technical analysis forecast of Dhanlaxmi Bank Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Dhanlaxmi Bank Limited DHANBANK at this time. Stock is rising and might rise more.

It appears as if Dhanlaxmi Bank Limited DHANBANK gave a large move recently.

Stock of Dhanlaxmi Bank Limited (DHANBANK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Dhanlaxmi Bank Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Dhanlaxmi Bank Limited stays above 41.4, but if it comes below 41.4, then a intra day sell could be more profitable.
If you take a sell trade below 41.4, then use 41.4 as stoploss and 38.2 as target. However if you take a buy trade in Dhanlaxmi Bank Limited, then use 41.4 as stoploss and 45.2 as target.

More indepth analysis on MunafaSutra.com