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 2024-04-03 View latest technical analysis

10 day averaged volume of Damodar Indust is 39892

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	46.90	45.90	47.40	44.90	1.34 times
02 Tue Apr 2024	45.60	44.70	45.95	43.35	0.752 times
01 Mon Apr 2024	43.80	43.80	45.70	42.95	1.163 times
28 Thu Mar 2024	41.70	42.30	43.55	41.10	1.538 times
27 Wed Mar 2024	42.05	44.30	45.70	41.45	2.558 times
26 Tue Mar 2024	44.70	46.95	46.95	44.25	1.276 times
22 Fri Mar 2024	46.25	45.00	46.90	45.00	0.798 times
21 Thu Mar 2024	45.30	45.40	46.95	45.15	0.6 times
20 Wed Mar 2024	45.10	45.65	47.50	44.55	0.43 times
19 Tue Mar 2024	45.50	45.30	46.70	45.05	0.551 times

My analysis of stock is bearish for shortterm, and stock might move down till 43.7 or till 39.7. Use a stoploss of 47.11 and if the stock hits stoploss, then it can shoot up till 50.48

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	41.10
Downside Target	42.95
Downside Target	44.55
Upside Target	46.95
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	44.1
Downside Intraday Target	41.3
Upside Intraday Target	48.55
Upside Intraday Target	50.2
Downside Intraday Target	45.75

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	46.90	43.80	47.40	42.95	0.606 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
03 Wed Apr 2024	46.90	43.80	47.40	42.95	0.196 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 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 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 Weak and stock is losing momentum.

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

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 SELL signal in short term and selling is picking up 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 44.1 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.