Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-14 View latest technical analysis

10 day averaged volume of Damodar Indust is 31546

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	47.35	46.45	48.10	43.00	1.447 times
13 Wed Mar 2024	45.15	48.20	50.65	44.75	1.218 times
12 Tue Mar 2024	49.45	49.90	51.90	48.10	1.945 times
11 Mon Mar 2024	49.05	51.45	52.55	48.80	1.039 times
07 Thu Mar 2024	51.45	50.85	53.40	50.85	1.037 times
06 Wed Mar 2024	50.85	53.65	53.65	50.25	1.178 times
05 Tue Mar 2024	53.60	54.95	54.95	52.65	0.638 times
04 Mon Mar 2024	54.45	57.50	57.50	54.15	0.353 times
02 Sat Mar 2024	55.65	57.30	57.30	54.30	0.189 times
01 Fri Mar 2024	54.90	53.70	55.85	53.70	1.27 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 45.7, for a target of 50.1 or 53.82

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	43.00
Upside Target	48.00
Upside Target	50.25
Upside Target	51.35
Upside Target	52.55
Upside Target	53.85
Upside Target	55.60
Upside Target	57.50
Upside Target	59.45
Upside Target	59.80
Upside Target	60.00
Upside Target	65.65
Upside Target	68.60

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	42.72
Downside Intraday Target	38.08
Upside Intraday Target	52.27
Upside Intraday Target	57.18
Upside Intraday Target	47.63

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	47.35	51.45	52.55	43.00	1.762 times
07 Thu Mar 2024	51.45	57.50	57.50	50.25	0.483 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Damodar Indust (DAMODARIND)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	47.35	53.70	57.50	43.00	0.116 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 down 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

Damodar Indust Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal for Damodar Indust in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 50.18 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.