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Price and trend forecast of DCBBANK for Tomorrow, Weekly, Monthly

DCB Bank Limited

Symbol: NSE:DCBBANK

ISIN: INE503A01015

136.05

As on 2024-04-24

100.95 (52W Low) 163.45 (52W High)

DCBBANK's Today's Performance

DCB Bank Limited started the day by opening at 125.25 today 2024-04-24. Its shares reached a high of 141.00 and dipped to a low of 123.15 in intraday. When the markets closed, DCBBANK’s stock price settled at ₹136.05 per share. Also check out its key support and resistance levels.

DCBBANK Buy/Sell Targets

Tomorrow, buy DCBBANK when its price reaches ₹ 136.05 with a stop-loss order at ₹ 132.41. You can set the target price as ₹ 139.69 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of DCBBANK for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for DCBBANK

Downside Targets Value in ₹
Tomorrow Down Target 1 144
Tomorrow Down Target 2 151
Tomorrow Down Target 3 162

Important Levels for DCBBANK

Holding Levels Value in ₹
Tomorrow Up Target 1 126
Tomorrow Up Target 2 116
Tomorrow Up Target 3 108
Based on where the stock opens tomorrow, if DCBBANK opens on a positive note, our first target will be ₹144. If Target 1 is achieved, we will aim for Target 2 which is ₹151.

But if DCBBANK falls below the average value of ₹133.40, you can enter a sell side position with target number 1 - ₹126 and second target - ₹116 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of DCBBANK

Looking at DCBBANK, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, DCBBANK has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DCBBANK is strong bullish.

Tomorrow's Volume based share price Forecast for DCBBANK

DCBBANK's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 9%.

Reversal detection for DCBBANK

Predicted trend chart of DCBBANK tomorrow for price forecast
DCBBANK may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹124 in morning tomorrow
Target 1 tomorrow140
Target 2 tomorrow144
Target 3 tomorrow151
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with DCBBANK's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if DCBBANK opens on a positive note, our first target will be ₹143.65. If Target 1 is achieved, we will aim for Target 2 which is ₹151.25.

But if DCBBANK falls below the average value of ₹133.40, you can enter a sell side position with target number 1 - ₹125.80 and second target - ₹115.55

DCBBANK's Weekly Targets
1st Up Target 144.15
2nd Up Target 152.25
1st Down Target 124.80
2nd Down Target 113.55

As the week for DCBBANK ended on bullish sentiments, we can expect further continuation of this sentiment. DCBBANK's initial target will be 144.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 124.80 in the upcoming week.

Weekly OHLC Values
Open 122.45
High 141.00
Low 121.65
Close 136.05

Week for DCBBANK started with an open price of 122.45, and the close was at 136.05. DCBBANK reached the highest of 141.00 and dipped lowest up to 121.65 last week. This indicates a bullish sentiment for the week.

DCBBANK full month swing targets
Monthly Up Target 1 163.50
Monthly Up Target 2 171.60
Monthly Down Target 1 105.45
Monthly Down Target 2 74.85

Targets of ₹163.50 can be expected to be reached in the coming month. Once DCBBANK achieved this target, we can aim for the next upside target of ₹171.60.

DCBBANK if fails to hold upside, down targets of ₹105.45 and ₹74.85 can be achieved by end of this month.

For complete three weeks if DCBBANK is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as DCBBANK

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

DCBBANK is expected to reach the target of 143.65 in tomorrow's trading session.

After achieving the initial target in DCBBANK, we will aim for higher targets of 151.25 tomorrow.

However, if DCBBANK starts to trade below ₹133.40, then we will shift our focus to the sell side and aim for down targets of 125.80 and 115.55.