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 2024-04-01 View latest technical analysis

10 day averaged volume of Damodar Indust is 38404

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	43.80	43.80	45.70	42.95	1.208 times
28 Thu Mar 2024	41.70	42.30	43.55	41.10	1.597 times
27 Wed Mar 2024	42.05	44.30	45.70	41.45	2.658 times
26 Tue Mar 2024	44.70	46.95	46.95	44.25	1.325 times
22 Fri Mar 2024	46.25	45.00	46.90	45.00	0.828 times
21 Thu Mar 2024	45.30	45.40	46.95	45.15	0.623 times
20 Wed Mar 2024	45.10	45.65	47.50	44.55	0.446 times
19 Tue Mar 2024	45.50	45.30	46.70	45.05	0.573 times
18 Mon Mar 2024	46.20	47.00	48.50	45.65	0.347 times
15 Fri Mar 2024	47.75	48.80	49.40	47.50	0.413 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 43.9, but if it comes above 43.9, then a intra day buy could be more profitable.
If you take a sell trade below 43.9, then use 43.9 as stoploss and 38.9 as target. However if you take a buy trade in stock , then use 43.9 as stoploss and 48.01 as target.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	41.10
Downside Target	42.95
Upside Target	44.55
Upside Target	45.70
Upside Target	46.95
Upside Target	48.00
Upside Target	50.25
Upside Target	51.35
Upside Target	52.55
Upside Target	54.45
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	42.6
Downside Intraday Target	41.4
Upside Intraday Target	45.35
Upside Intraday Target	46.9
Upside Intraday Target	44.15

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	43.80	43.80	45.70	42.95	0.217 times
28 Thu Mar 2024	41.70	46.95	46.95	41.10	1.981 times
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

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
01 Mon Apr 2024	43.80	43.80	45.70	42.95	0.07 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 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 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 losing 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 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 43.82 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.