(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 2024-03-22 View latest technical analysis
10 day averaged volume of Damodar Indust is 30323
Date | Daily Closing Price | Open | High | Low | Volume |
22 Fri Mar 2024 | 46.25 | 45.00 | 46.90 | 45.00 | 1.049 times |
21 Thu Mar 2024 | 45.30 | 45.40 | 46.95 | 45.15 | 0.789 times |
20 Wed Mar 2024 | 45.10 | 45.65 | 47.50 | 44.55 | 0.565 times |
19 Tue Mar 2024 | 45.50 | 45.30 | 46.70 | 45.05 | 0.725 times |
18 Mon Mar 2024 | 46.20 | 47.00 | 48.50 | 45.65 | 0.439 times |
15 Fri Mar 2024 | 47.75 | 48.80 | 49.40 | 47.50 | 0.524 times |
14 Thu Mar 2024 | 47.35 | 46.45 | 48.10 | 43.00 | 1.506 times |
13 Wed Mar 2024 | 45.15 | 48.20 | 50.65 | 44.75 | 1.268 times |
12 Tue Mar 2024 | 49.45 | 49.90 | 51.90 | 48.10 | 2.024 times |
11 Mon Mar 2024 | 49.05 | 51.45 | 52.55 | 48.80 | 1.081 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.3, but if it comes above 46.3, then a intra day buy could be more profitable.
If you take a sell trade below 46.3, then use 46.3 as stoploss and 41.3 as target. However if you take a buy trade in stock , then use 46.3 as stoploss and 50.49 as target.
Share price targets for Damodar Indust (DAMODARIND)
Target Type | Value |
Downside Target | 43.00 |
Downside Target | 44.55 |
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 | 65.65 |
Upside Target | 68.60 |
Intraday share price targets for Damodar Indust (DAMODARIND)
Target Type | Value |
Downside Intraday Target | 44.37 |
Downside Intraday Target | 42.48 |
Upside Intraday Target | 48.32 |
Upside Intraday Target | 50.38 |
Upside Intraday Target | 46.43 |
Weekly technical analysis of Damodar Indust (DAMODARIND)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Fri Mar 2024 | 46.25 | 47.00 | 48.50 | 44.55 | 0.557 times |
15 Fri Mar 2024 | 47.75 | 51.45 | 52.55 | 43.00 | 1.919 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 |
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 |
22 Fri Mar 2024 | 46.25 | 53.70 | 57.50 | 43.00 | 0.16 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 buy signal for Damodar Indust in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 47.11 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.
Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 buy signal for Damodar Indust in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 47.11 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.
Click here for Damodar Indust charts
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Daily charts
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