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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 2024-04-12 View latest technical analysis

10 day averaged volume of Damodar Indust is 64199

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	51.35	52.75	54.00	51.25	0.389 times
10 Wed Apr 2024	52.80	54.65	54.70	52.00	0.678 times
09 Tue Apr 2024	53.05	50.80	54.70	49.00	3.515 times
08 Mon Apr 2024	49.00	50.35	50.35	48.85	0.198 times
05 Fri Apr 2024	48.80	47.55	50.35	47.45	0.666 times
04 Thu Apr 2024	48.45	47.85	48.80	46.90	0.375 times
03 Wed Apr 2024	46.90	45.90	47.40	44.90	0.833 times
02 Tue Apr 2024	45.60	44.70	45.95	43.35	0.467 times
01 Mon Apr 2024	43.80	43.80	45.70	42.95	0.723 times
28 Thu Mar 2024	41.70	42.30	43.55	41.10	0.955 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.9, but if it comes below 49.9, then a intra day sell could be more profitable.
If you take a sell trade below 49.9, then use 49.9 as stoploss and 46.84 as target. However if you take a buy trade in stock , then use 49.9 as stoploss and 53.5 as target.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	41.10
Downside Target	42.95
Downside Target	44.55
Downside Target	46.95
Downside Target	48.00
Downside Target	50.35
Upside Target	52.55
Upside Target	54.45
Upside Target	54.70
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	48.57
Downside Intraday Target	45.78
Upside Intraday Target	54.42
Upside Intraday Target	57.48
Upside Intraday Target	51.63

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	51.35	50.35	54.70	48.85	1.56 times
05 Fri Apr 2024	48.80	43.80	50.35	42.95	0.918 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

Price has moved up 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
12 Fri Apr 2024	51.35	43.80	54.70	42.95	0.759 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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 BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Damodar Indust in short term but SELL 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 49.38 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.