Price and trend forecast of DHANI for Tomorrow, Weekly, Monthly
Dhani Services Limited
Symbol: NSE:DHANI
ISIN: INE274G01010
86.91
As on 2024-12-20
DHANI's Today's Performance
Dhani Services Limited started the day by opening at 88.30 today 2024-12-20. Its shares reached a high of 91.90 and dipped to a low of 86.50 in intraday. When the markets closed, DHANI’s stock price settled at ₹86.91 per share. Also check out its key support and resistance levels.
DHANI Buy/Sell Targets
Tomorrow, sell DHANI when its price reaches ₹ 86.91 with a stop-loss order at ₹ 89.15. You can set the target price as ₹ 84.67 to capture potential gains. This sell 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 DHANI 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 DHANI
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 90 |
| Tomorrow Down Target 2 | 94 |
| Tomorrow Down Target 3 | 96 |
Important Levels for DHANI
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 85 |
| Tomorrow Up Target 2 | 83 |
| Tomorrow Up Target 3 | 80 |
Based on where the stock opens tomorrow, if DHANI opens on a positive note, our first target will be ₹90. If Target 1 is achieved, we will aim for Target 2 which is ₹94.
But if DHANI falls below the average value of ₹88.44, you can enter a sell side position with target number 1 - ₹85 and second target - ₹83 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 DHANI
Looking at DHANI, 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, DHANI has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for DHANI is moderate bearish.
Tomorrow's Volume based share price Forecast for DHANI
DHANI's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -44%.
Reversal detection for DHANI
DHANI may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹87 in morning tomorrow
| Target 1 tomorrow | 90 |
| Target 2 tomorrow | 92 |
| Target 3 tomorrow | 94 |
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 DHANI'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 DHANI opens on a positive note, our first target will be ₹90.37. If Target 1 is achieved, we will aim for Target 2 which is ₹93.84.
But if DHANI falls below the average value of ₹88.44, you can enter a sell side position with target number 1 - ₹84.97 and second target - ₹83.04
DHANI's Weekly Targets
| 1st Up Target | 93.60 |
| 2nd Up Target | 100.29 |
| 1st Down Target | 82.61 |
| 2nd Down Target | 78.31 |
As the week for DHANI ended on bearish sentiments, we can expect further continuation of this sentiment. DHANI's initial target will be 93.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 82.61 in the upcoming week.
Weekly OHLC Values
| Open | 90.25 |
| High | 95.99 |
| Low | 85.00 |
| Close | 86.91 |
Week for DHANI started with an open price of 90.25, and the close was at 86.91. DHANI reached the highest of 95.99 and dipped lowest up to 85.00 last week. This indicates a bearish sentiment for the week.
DHANI full month swing targets
| Monthly Up Target 1 | 104.59 |
| Monthly Up Target 2 | 111.28 |
| Monthly Down Target 1 | 71.62 |
| Monthly Down Target 2 | 56.33 |
Targets of ₹104.59 can be expected to be reached in the coming month. Once DHANI achieved this target, we can aim for the next upside target of ₹111.28.
DHANI if fails to hold upside, down targets of ₹71.62 and ₹56.33 can be achieved by end of this month.
For complete three weeks if DHANI 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 DHANI
| 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
DHANI is expected to reach the target of 90.37 in tomorrow's trading session.
After achieving the initial target in DHANI, we will aim for higher targets of 93.84 tomorrow.
However, if DHANI starts to trade below ₹88.44, then we will shift our focus to the sell side and aim for down targets of 84.97 and 83.04.