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(DAMODARIND) Damodar Indust complete technical analysis [charts+indicators] | Buy/Sell Damodar Indust | (DAMODARIND) share price targets

Complete technical analysis of Damodar Indust (DAMODARIND) by charts plus indicators, forecast predictions and share price targets for Damodar Indust (DAMODARIND)

Damodar Indust trades in NSE in Textiles sector.

10 day averaged volume of Damodar Indust is 48535

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	53.00	51.00	54.65	50.35	1.286 times
19 Fri Apr 2024	51.00	51.95	52.20	50.35	0.512 times
18 Thu Apr 2024	52.40	50.30	52.90	49.05	0.97 times
16 Tue Apr 2024	49.85	48.15	50.40	47.55	0.344 times
15 Mon Apr 2024	49.00	50.60	51.25	48.60	0.474 times
12 Fri Apr 2024	51.35	52.75	54.00	51.25	0.514 times
10 Wed Apr 2024	52.80	54.65	54.70	52.00	0.896 times
09 Tue Apr 2024	53.05	50.80	54.70	49.00	4.649 times
08 Mon Apr 2024	49.00	50.35	50.35	48.85	0.262 times
05 Fri Apr 2024	48.80	47.55	50.35	47.45	0.881 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 51.5, but if it comes below 51.5, then a intra day sell could be more profitable.
If you take a sell trade below 51.5, then use 51.5 as stoploss and 48.01 as target. However if you take a buy trade in stock , then use 51.5 as stoploss and 55.8 as target.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	41.10
Downside Target	42.95
Downside Target	46.95
Downside Target	50.35
Downside Target	52.90
Upside Target	54.45
Upside Target	54.65
Upside Target	54.70
Upside Target	57.50
Upside Target	65.65
Upside Target	68.60

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	50.68
Downside Intraday Target	48.37
Upside Intraday Target	54.98
Upside Intraday Target	56.97
Downside Intraday Target	52.67

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	53.00	51.00	54.65	50.35	0.559 times
19 Fri Apr 2024	51.00	50.60	52.90	47.55	0.364 times
12 Fri Apr 2024	51.35	50.35	54.70	48.85	1.56 times
05 Fri Apr 2024	48.80	43.80	50.35	42.95	0.918 times
28 Thu Mar 2024	41.70	46.95	46.95	41.10	1.981 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Damodar Indust (DAMODARIND)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	53.00	43.80	54.70	42.95	1.021 times
28 Thu Mar 2024	41.70	53.70	57.50	41.10	0.237 times
29 Thu Feb 2024	53.70	57.95	68.60	51.35	0.718 times
31 Wed Jan 2024	57.20	50.35	65.65	49.00	4.619 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Damodar Indust (DAMODARIND)

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Damodar Indust stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Damodar Indust in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Damodar Indust Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Damodar Indust in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Damodar Indust is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.06 and Damodar Indust (DAMODARIND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Damodar Indust (DAMODARIND) stock. Volume based technical analysis of Damodar Indust (DAMODARIND) stock is negative.

Damodar Indust Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.