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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.

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Damodar Indust is 37456

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	55.65	57.30	57.30	54.30	0.159 times
01 Fri Mar 2024	54.90	53.70	55.85	53.70	1.069 times
29 Thu Feb 2024	53.70	54.70	55.35	52.55	0.953 times
28 Wed Feb 2024	53.80	58.75	58.75	53.30	1.109 times
27 Tue Feb 2024	57.60	58.60	59.45	56.85	1.224 times
26 Mon Feb 2024	56.60	57.65	57.65	55.70	1.079 times
23 Fri Feb 2024	56.40	57.40	58.15	55.60	0.889 times
22 Thu Feb 2024	57.40	56.35	57.85	55.60	0.999 times
21 Wed Feb 2024	56.30	57.85	58.80	55.70	0.833 times
20 Tue Feb 2024	57.15	59.80	59.80	56.75	0.78 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 54.7 as stoploss in an intra day buy trade for a target of 57.01. However, stock will show a bearish move below 54.7.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	48.00
Downside Target	51.35
Downside Target	52.55
Downside Target	53.70
Downside Target	55.60
Upside Target	59.45
Upside Target	59.80
Upside Target	60.00
Upside Target	65.65
Upside Target	68.00
Upside Target	68.60

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	52.32
Downside Intraday Target	48.98
Upside Intraday Target	59.22
Upside Intraday Target	62.78
Upside Intraday Target	55.88

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	55.65	57.65	59.45	52.55	1.225 times
23 Fri Feb 2024	56.40	57.95	59.80	55.60	0.528 times
16 Fri Feb 2024	56.80	60.00	60.00	51.35	0.497 times
09 Fri Feb 2024	58.50	66.70	68.60	57.00	0.409 times
02 Fri Feb 2024	64.90	59.85	68.00	56.70	6.389 times

Price has moved down 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
02 Sat Mar 2024	55.65	53.70	57.30	53.70	0.016 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
29 Fri Dec 2023	49.45	49.95	54.45	48.00	0.938 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a mid to longer 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.

ADX buy sell signal for Damodar Indust stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Damodar Indust in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Damodar Indust in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 55.96 and Damodar Indust (DAMODARIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.