The stock has corrected drastically from 212 and consolidated for a period of five year in the range of 8 to 24.
Now, it has given a breakout and can give multifold returns.
CMP : 30
SL : 17
Target : 44/62/72/125
Stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade
#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...
The 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...
DHANBANK is in very good range, looking very good for long if breaks high.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSE. NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
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...
BUY - DHANLAXMI BANK LTD
CMP - Rs. 32
Target - 1: Rs. 55
Target - 2: Rs. 77
Target - 3: Rs. 122
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Timeframe - 3 months - 18 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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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...
DHANBANK | Breakout Trading | Swing Trade
stock is giving a good breakout but chart i have referred in monthly. So its practical for long term investment
