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(DhanalakBnk) Dhanalak Bnk complete technical analysis [charts+indicators] | Buy/Sell Dhanalak Bnk | (DhanalakBnk) share price targets

Complete technical analysis of Dhanalak Bnk (DhanalakBnk) by charts plus indicators, forecast predictions and share price targets for Dhanalak Bnk (DhanalakBnk)

10 day averaged volume of Dhanalak Bnk is 95195

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 42.29 41.71 42.65 41.71 0.602 times
07 Tue May 2024 41.93 42.86 43.00 41.70 1.378 times
06 Mon May 2024 43.02 43.88 44.00 42.75 0.825 times
03 Fri May 2024 43.55 44.20 44.30 42.50 0.63 times
02 Thu May 2024 44.01 44.26 44.60 43.90 1.3 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 43, but if it comes above 43, then a intra day buy could be more profitable.
If you take a sell trade below 43, then use 43 as stoploss and 41.2 as target. However if you take a buy trade in stock , then use 43 as stoploss and 44.44 as target.

Share price targets for Dhanalak Bnk (DhanalakBnk)

Target Type Value
Downside Target 29.91
Downside Target 38.77
Downside Target 39.70
Downside Target 40.50
Downside Target 41.70
Upside Target 45.09
Upside Target 45.90
Upside Target 49.10
Upside Target 49.25
Upside Target 50.00
Upside Target 56.70
Upside Target 58.70

Intraday share price targets for Dhanalak Bnk (DhanalakBnk)

Target Type Value
Downside Intraday Target 41.33
Downside Intraday Target 40.36
Upside Intraday Target 43.63
Upside Intraday Target 44.96
Upside Intraday Target 42.66

Weekly technical analysis of Dhanalak Bnk (DhanalakBnk)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 42.29 43.88 44.00 41.70 0.73 times
03 Fri May 2024 43.55 43.70 45.00 42.50 0.666 times
26 Fri Apr 2024 44.41 44.95 45.00 43.15 1.077 times
19 Fri Apr 2024 44.40 43.92 45.90 42.50 0.752 times
12 Fri Apr 2024 46.23 48.95 49.10 45.09 0.844 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 Dhanalak Bnk (DhanalakBnk)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 42.29 44.26 44.60 41.70 0.165 times
30 Tue Apr 2024 44.24 41.95 50.00 40.50 0.769 times
28 Thu Mar 2024 41.25 46.00 49.25 38.77 0.177 times
29 Thu Feb 2024 45.73 55.55 56.70 39.70 0.66 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 Dhanalak Bnk (DhanalakBnk)

Indicator Name Indicator Value Indicator Signal
ADX 10, 30, 51 Sell
MACD -1, -0Sell
Stochastics 15Sell
CCI -138Buy
RSI 59Buy
OBV -1464462Sell
VWAP 44Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Dhanalak Bnk ( (DhanalakBnk) ) 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 Dhanalak Bnk ( (DhanalakBnk) ) 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 Dhanalak Bnk ( (DhanalakBnk) ) 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 Dhanalak Bnk ( (DhanalakBnk) ) 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 Dhanalak Bnk stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Dhanalak Bnk in short term and the sell signal is strong.

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

CCI has generated a buy signal for Dhanalak Bnk in short term but BUY signal is weak.

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 Dhanalak Bnk is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.62 and Dhanalak Bnk (DhanalakBnk) 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 Dhanalak Bnk (DhanalakBnk) stock. Volume based technical analysis of Dhanalak Bnk (DhanalakBnk) stock is negative.

Dhanalak Bnk 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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