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Stock analysis Dhanlaxmi Bank Limited DHANBANK

More indepth analysis on MunafaSutra.com

Moving Averages for Dhanlaxmi Bank Limited

  • 5Day Average: 27.48
  • 12Day Average: 28.37
  • 20Day Average: 28.59
  • 50Day Average: 32.98
  • 100Day Average: 33.97
  • 150Day Average: 36.18
  • 200Day Average: 38.19

DHANBANK Indicators & signals

Indicator MACD (12,26,9)

28.16, 29.49, -1.4
Indicator MACD is in negative zone

Indicator ADX (14)

36.51, 13.7, 29.45
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 36
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
09 Fri May 2025 27.47 25.91 to 28.56 0.99% 3.73 times
08 Thu May 2025 27.20 26.90 to 27.81 0.7% 0.86 times
07 Wed May 2025 27.01 26.50 to 27.41 -0.48% 0.79 times
06 Tue May 2025 27.14 27.14 to 28.69 -5.01% 0.98 times
05 Mon May 2025 28.57 28.24 to 29.00 0.11% 0.71 times
02 Fri May 2025 28.54 28.11 to 28.74 1.35% 0.67 times
30 Wed Apr 2025 28.16 28.10 to 29.09 -3.13% 0.65 times
29 Tue Apr 2025 29.07 28.90 to 29.85 1.47% 0.97 times
28 Mon Apr 2025 28.65 28.01 to 29.92 -1.04% 2.02 times
25 Fri Apr 2025 28.95 28.50 to 30.05 -2.85% 1.3 times
24 Thu Apr 2025 29.80 29.65 to 30.64 -0.3% 1.05 times
23 Wed Apr 2025 29.89 29.11 to 30.21 0.3% 1.43 times

Technical analysis forecast for Dhanlaxmi Bank Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Dhanlaxmi Bank Limited DHANBANK at this time. Stock is falling and might fall more.

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

Stock of Dhanlaxmi Bank Limited (DHANBANK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Dhanlaxmi Bank Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Dhanlaxmi Bank Limited stays below 28.1, but if it comes above 28.1, then a intra day buy could be more profitable.
If you take a sell trade below 28.1, then use 28.1 as stoploss and 27 as target. However if you take a buy trade in Dhanlaxmi Bank Limited, then use 28.1 as stoploss and 28.91 as target.

More indepth analysis on MunafaSutra.com