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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 2024-04-24 View latest technical analysis

10 day averaged volume of Damodar Indust is 51108

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	52.35	52.15	54.75	51.00	1.57 times
23 Tue Apr 2024	53.30	53.10	54.25	52.20	0.59 times
22 Mon Apr 2024	53.00	51.00	54.65	50.35	1.222 times
19 Fri Apr 2024	51.00	51.95	52.20	50.35	0.486 times
18 Thu Apr 2024	52.40	50.30	52.90	49.05	0.921 times
16 Tue Apr 2024	49.85	48.15	50.40	47.55	0.327 times
15 Mon Apr 2024	49.00	50.60	51.25	48.60	0.45 times
12 Fri Apr 2024	51.35	52.75	54.00	51.25	0.489 times
10 Wed Apr 2024	52.80	54.65	54.70	52.00	0.851 times
09 Tue Apr 2024	53.05	50.80	54.70	49.00	4.415 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 52.4 as stoploss in an intra day sell trade for a target of 48.77. However, stock will show a bullish move above 52.4.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	41.10
Downside Target	42.95
Downside Target	46.95
Downside Target	50.35
Upside Target	52.90
Upside Target	54.45
Upside Target	54.70
Upside Target	54.75
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	50.22
Downside Intraday Target	48.08
Upside Intraday Target	54.62
Upside Intraday Target	56.88
Upside Intraday Target	52.48

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	52.35	51.00	54.75	50.35	1.548 times
19 Fri Apr 2024	51.00	50.60	52.90	47.55	0.364 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

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
24 Wed Apr 2024	52.35	43.80	54.75	42.95	1.187 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 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 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 losing momentum.

MACD generated a BUY signal for Damodar Indust in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! 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 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 and the buying is gaining 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 52.47 and Damodar Indust (DAMODARIND) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.