(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 2024-04-18 View latest technical analysis
10 day averaged volume of Damodar Indust is 49688
Date | Daily Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 52.40 | 50.30 | 52.90 | 49.05 | 0.948 times |
16 Tue Apr 2024 | 49.85 | 48.15 | 50.40 | 47.55 | 0.336 times |
15 Mon Apr 2024 | 49.00 | 50.60 | 51.25 | 48.60 | 0.463 times |
12 Fri Apr 2024 | 51.35 | 52.75 | 54.00 | 51.25 | 0.503 times |
10 Wed Apr 2024 | 52.80 | 54.65 | 54.70 | 52.00 | 0.876 times |
09 Tue Apr 2024 | 53.05 | 50.80 | 54.70 | 49.00 | 4.541 times |
08 Mon Apr 2024 | 49.00 | 50.35 | 50.35 | 48.85 | 0.256 times |
05 Fri Apr 2024 | 48.80 | 47.55 | 50.35 | 47.45 | 0.861 times |
04 Thu Apr 2024 | 48.45 | 47.85 | 48.80 | 46.90 | 0.485 times |
03 Wed Apr 2024 | 46.90 | 45.90 | 47.40 | 44.90 | 1.076 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.7, but if it comes below 50.7, then a intra day sell could be more profitable.
If you take a sell trade below 50.7, then use 50.7 as stoploss and 47.39 as target. However if you take a buy trade in stock , then use 50.7 as stoploss and 54.6 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 | 50.35 |
Upside Target | 52.90 |
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 | 49 |
Downside Intraday Target | 45.6 |
Upside Intraday Target | 54.35 |
Upside Intraday Target | 56.3 |
Downside Intraday Target | 50.95 |
Weekly technical analysis of Damodar Indust (DAMODARIND)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 52.40 | 50.60 | 52.90 | 47.55 | 0.283 times |
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 |
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 |
18 Thu Apr 2024 | 52.40 | 43.80 | 54.70 | 42.95 | 0.889 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 Weak and stock is gaining 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 BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Damodar Indust is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 51.29 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.
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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 Weak and stock is gaining 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 BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Damodar Indust is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 51.29 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.
Click here for Damodar Indust charts
Click here for further forecast and predictions for tomorrow
Daily charts
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