Is Dhanlaxmi Bank technically bullish or bearish?

Oct 08 2025 08:10 AM IST
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As of October 7, 2025, Dhanlaxmi Bank's technical trend has shifted to bearish, supported by negative MACD and moving averages, despite a conflicting mildly bullish signal from Dow Theory on the weekly chart.
As of 7 October 2025, the technical trend for Dhanlaxmi Bank has changed from mildly bearish to bearish. The current technical stance is bearish with strong indicators supporting this view. The MACD is bearish on both the weekly and monthly time frames, and the moving averages indicate a bearish trend on the daily chart. Additionally, the KST shows bearish momentum on both weekly and monthly levels. While the Dow Theory presents a mildly bullish signal on the weekly chart, it is countered by a mildly bearish stance on the monthly chart. Overall, the bearish indicators dominate, suggesting a weak outlook for the stock.
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