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 2024-08-14 View latest technical analysis

10 day averaged volume of Damodar Indust is 78337

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	48.80	51.75	51.75	48.50	0.524 times
13 Tue Aug 2024	50.75	51.80	51.94	49.50	0.43 times
12 Mon Aug 2024	51.55	50.95	53.20	47.60	2.386 times
09 Fri Aug 2024	49.50	47.99	50.60	47.60	0.813 times
08 Thu Aug 2024	47.15	49.20	49.20	46.30	0.518 times
07 Wed Aug 2024	48.56	48.90	49.49	48.18	0.279 times
06 Tue Aug 2024	48.50	49.90	49.90	47.25	0.281 times
05 Mon Aug 2024	47.73	49.00	49.00	47.11	0.438 times
02 Fri Aug 2024	49.73	49.05	50.42	47.35	0.92 times
01 Thu Aug 2024	49.05	50.25	51.00	49.00	1.183 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.2 as stoploss in an intra day buy trade for a target of 49.75. However, stock will show a bearish move below 48.2.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	42.95
Downside Target	46.30
Downside Target	47.35
Upside Target	50.60
Upside Target	52.49
Upside Target	53.20
Upside Target	53.70
Upside Target	54.24
Upside Target	54.80
Upside Target	55.00
Upside Target	56.75

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	46.53
Downside Intraday Target	44.27
Upside Intraday Target	52.13
Upside Intraday Target	55.47
Upside Intraday Target	49.87

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	48.80	50.95	53.20	47.60	1.434 times
09 Fri Aug 2024	49.50	49.00	50.60	46.30	0.352 times
02 Fri Aug 2024	49.73	51.85	54.24	47.35	4.05 times
26 Fri Jul 2024	50.77	49.69	52.49	48.05	0.884 times
19 Fri Jul 2024	49.15	52.65	52.99	48.70	0.536 times

Price has moved down 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
14 Wed Aug 2024	48.80	50.25	53.20	46.30	0.455 times
31 Wed Jul 2024	49.84	52.50	55.00	48.05	1.555 times
28 Fri Jun 2024	51.93	50.50	53.70	43.00	1.155 times
31 Fri May 2024	49.10	54.40	56.75	48.35	0.8 times

Scroll below to view daily charts

Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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 but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up 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 49.78 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.