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(DhanlxmiFab) Dhanlxmi Fab complete technical analysis [charts+indicators] | Buy/Sell Dhanlxmi Fab | (DhanlxmiFab) share price targets

Complete technical analysis of Dhanlxmi Fab (DhanlxmiFab) by charts plus indicators, forecast predictions and share price targets for Dhanlxmi Fab (DhanlxmiFab)

Showing technical analysis as on 2024-03-18 View latest technical analysis

10 day averaged volume of Dhanlxmi Fab is 1274

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	55.12	54.40	55.99	54.40	0.05 times
15 Fri Mar 2024	54.33	52.00	54.70	51.06	0.358 times
14 Thu Mar 2024	51.86	57.89	57.89	50.65	0.939 times
13 Wed Mar 2024	53.45	53.79	53.79	52.00	1.578 times
12 Tue Mar 2024	53.80	55.55	56.00	53.69	0.173 times
11 Mon Mar 2024	55.75	57.06	57.06	55.49	0.501 times
07 Thu Mar 2024	57.02	57.10	57.15	56.11	0.557 times
06 Wed Mar 2024	57.10	59.00	59.00	57.05	1.226 times
05 Tue Mar 2024	58.99	56.05	63.20	56.05	2.19 times
04 Mon Mar 2024	57.52	59.00	60.80	56.36	1.243 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 54.8 as stoploss in an intra day buy trade for a target of 57.11. However, stock will show a bearish move below 54.8.

Share price targets for Dhanlxmi Fab (DhanlxmiFab)

Target Type	Value
Downside Target	43.20
Downside Target	44.87
Downside Target	48.29
Downside Target	50.10
Downside Target	53.29
Downside Target	54.40
Upside Target	55.99
Upside Target	62.80
Upside Target	63.20
Upside Target	63.94
Upside Target	66.00

Intraday share price targets for Dhanlxmi Fab (DhanlxmiFab)

Target Type	Value
Downside Intraday Target	54.35
Downside Intraday Target	53.58
Upside Intraday Target	55.94
Upside Intraday Target	56.76
Upside Intraday Target	55.17

Weekly technical analysis of Dhanlxmi Fab (DhanlxmiFab)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	55.12	54.40	55.99	54.40	0.014 times
15 Fri Mar 2024	54.33	57.06	57.89	50.65	0.68 times
07 Thu Mar 2024	57.02	59.00	63.20	56.05	0.478 times
02 Sat Mar 2024	59.00	57.05	62.80	56.40	0.844 times
23 Fri Feb 2024	58.05	63.70	63.94	56.11	1.114 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 Dhanlxmi Fab (DhanlxmiFab)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	55.12	59.60	63.20	50.65	0.23 times
29 Thu Feb 2024	57.74	59.00	63.94	53.29	0.586 times
31 Wed Jan 2024	59.16	53.60	66.00	50.10	1.274 times
29 Fri Dec 2023	54.56	47.00	57.45	44.87	3.19 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 Dhanlxmi Fab (DhanlxmiFab)

Price action analysis of Dhanlxmi Fab ( (DhanlxmiFab) ) 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 Dhanlxmi Fab ( (DhanlxmiFab) ) 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 Dhanlxmi Fab ( (DhanlxmiFab) ) 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 Dhanlxmi Fab ( (DhanlxmiFab) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Dhanlxmi Fab stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Dhanlxmi Fab in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Dhanlxmi Fab Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Dhanlxmi Fab 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Dhanlxmi Fab is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 56.15 and Dhanlxmi Fab (DhanlxmiFab) 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 Dhanlxmi Fab (DhanlxmiFab) stock. Volume based technical analysis of Dhanlxmi Fab (DhanlxmiFab) stock is negative.

Dhanlxmi Fab 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.