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Dhanlaxmi Bank Ltd

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A strong rally on the cardsDhanlaxmi CMP 24.17 The stock has halved from the highs and is again offering an opportunity. The current zone is a fib confluence one and also supported by trendline. RSI on the weekly and Monthly chart is above the bull zone. All these factors are very positive. Elliott- The stock rallied from the lows of 24 to 36 and then a sharp fall took it town to 22. This is indicating that the correction is not over. The first ABC correction is a zig zag. The second is an expanded flat corrective pattern. The c of X will go minimum to 32. This is a good 33% from the current levels. Conclusion - Again a strong rally here , but its only a rally to make some quick money and exit. Coz post this another ABC correction will begin.
NSE:DHANBANKLong
by singh17vivek
Dhanlaxmi bank - On your marksThis stock has following attributes after reversal 1) Price > 50 DMA 2) 50 DMA about to cross over 200 DMA. 3) Daily vol > Avg 30 D Vol 4) Supertrend 14,3 Buy zone and has crossed 50 DMA from bottom 5) ADX > 25 and rising - Momentum increasing 6) Consistently making daily high higher then previous high/closing since last 4 sessions 7) Very strong Northward Price action after breaking out from Price Action Ideas and Analysis is a academic exercise and no recommendation to BUY
NSE:DHANBANKLong
by Darshan1971
1
Dhanlaxmi Bank cmp 38.05 by Monthly Chart view since listedDhanlaxmi Bank cmp 38.05 by Monthly Chart view since listed - Price Band 30 to 34 Support Zone - Price Band 46 to 51 Resistance Zone - Falling Resistance Trendline Breakout done and seems sustained - Weekly basis Support at 27 > 17 > ATL 7.15 with the Resistance at 49 > 59 > 69 - Stock Price has has been testing and retesting the Support Zone few times, taking a reversal upside from lower band at 30 price level - The Resistance Zone needs be crossed by incremental Volumes and then needs to sustained for few days to create a fresh upside breakout momentum - Multiple Bullish Rounding Bottoms are completed been intermingled within each other having Resistance Zone as the common neckline for all Rounding Bottoms
NSE:DHANBANK
by PIYUSHCHAVDA
3
BREAKOUT IN DHAN BANK 📌SWING TRADE FOR NEXT WEEK🚀 Hello Traders⚡ I am a Swing Trader by Passion i only trade on Momentum Stock's. 📌I Post Daily SWING CHARTS Analysis on My Trading view profile.. So let's Start 📌TRADE ANALYSIS OF -DHAN BANK- • Potential Breakout Chart • VCP Pattern • Short Range Consolidation • Price Can Take Retest from support Line • Overall The Price Is Moving In HH-HL Formation • Volume Buildup Near BO Zone • Looks Good For 10-20% Upside Levels After The Breakout 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all charts analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:DHANBANKLong
by Trading_Old_School
2
Dhanlaxmi Bank Limited - Long Setup, Move is ON...#DHANBANK trading above Resistance of 44 Next Resistance is at 59 Support is at 36 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DHANBANKLong
by MandeepSinghKohli
Fantastic Pre-Breakout Trade Opportunity-DHANBANKThe stock has displayed a strong upward trend, showcasing an impressive run before entering a consolidation phase lasting approximately 3 months. Throughout this period, the 50-day Simple Moving Average (SMA) has acted as a robust support level, indicating a solid foundation for potential bullish momentum. Despite two unsuccessful attempts to break out during the consolidation, the stock has remained resilient and is once again gearing up for another breakout attempt. The repeated testing of resistance suggests increasing pressure, and a successful breakout could signal a renewed bullish trend. Technical Indicators: 1.50-day SMA Support: The consistent support provided by the 50-day SMA indicates a strong base for the stock, enhancing the probability of a successful breakout. 2.Repeated Breakout Attempts: The stock's resilience in attempting to break out multiple times signals a building momentum, potentially leading to a breakthrough. 3.Volume Analysis: Observe increasing or sustained volume during breakout attempts, as this can validate the strength of the potential upward move.
NSE:DHANBANKLong
by TTS007
DHANBANK Bullish; above 31 on Wednesday 15 Nov. The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose. Please check the comments SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:DHANBANKLong
by JJ_Breakouts
This multibagger little risky but its has potential to 100%Yes what i wrote in this title absolutely right. DHANBANK or Dhanlaxmi Bank Ltd CMP 17.30 as on 20.06.2023 ABOUT : Dhanlaxmi Bank Ltd was Incorporated in 1927 in Thrissur, Kerala is a publicly held banking company engaged in providing a wide range of banking and financial services including retail banking, corporate banking, and treasury operations with a major concentration in Southern states. A. Business overview : 1. The bank provides its services through its primary 4 segments - i)Treasury operations, ii) corporate wholesale banking, iii) Retail Banking , iv) other banking business. 2. Contribution to Revenue : i) Retail Banking: ~39% in FY22 vs ~30% in FY 21 ii) Corporate Banking:~ 30% IN FY22 vs ~25% in FY21 iii) Treasury:**~ 31% in FY22 vs 30% in FY21 iv) Interest income increased from Rs.447 Crore to Rs.521 Crore, registering a growth of 17%. 3. Asset quality : Asset quality improved significantly with Gross NPA coming down by 263 bps and Net NPA by 260 bps on YoY basis to 6.04% and 2.32% respectively. 3. Network Distribution Bank already has over 520 customer touch points including 247 branches, 263 ATMs and 17 BCs as on 31st March, 2022 spread across 14 States and 1 Union Territory, Bank has received in-principle approval from the Reserve Bank of India for the opening of 20 new branches. It also opened a new Regional Office at Hyderabad w.e.f. March 16, 2022. It entered into the Fintech Era for Micro Lending, Operation management & Technology services under priority sector lending by associating with New Street Technologies Pvt Ltd. Bank introduced “Dhanam Paddy Receipt Sheet Loan” in tie up with “SUPPLYCO” Compounded Profit Growth 10 Years: 34% 5 Years: 32% B. Technical important levels : DHANBANK currently trading at a price of 17.25, stock gave breakout from its 13 years down trend line at the price of 12.50 around early November of 2022 after that make a recent high of 26.25 in the next month. As well as the stock is currently trading above 19 year strong support @ 17.20 as per one monthly time frame. As per technical analysis my personal view that if the price action of this stock hold above this support levels @ 17.20 then it can go upto 21.90/ 27.20 levels within a very reasonable time frame, and 37.05/ 44.00 levels with a long period of time. *Also remembers in the long run technical levels can be achievable only if the company good with business and successfully make positive earnings YoY.
NSE:DHANBANKLong
by SnehasishBera