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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 2024-08-16 View latest technical analysis

10 day averaged volume of Damodar Indust is 60886

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	48.66	50.00	50.74	47.78	0.588 times
14 Wed Aug 2024	48.80	51.75	51.75	48.50	0.674 times
13 Tue Aug 2024	50.75	51.80	51.94	49.50	0.553 times
12 Mon Aug 2024	51.55	50.95	53.20	47.60	3.07 times
09 Fri Aug 2024	49.50	47.99	50.60	47.60	1.047 times
08 Thu Aug 2024	47.15	49.20	49.20	46.30	0.667 times
07 Wed Aug 2024	48.56	48.90	49.49	48.18	0.359 times
06 Tue Aug 2024	48.50	49.90	49.90	47.25	0.361 times
05 Mon Aug 2024	47.73	49.00	49.00	47.11	0.564 times
02 Fri Aug 2024	49.73	49.05	50.42	47.35	1.184 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 48.1 as stoploss in an intra day buy trade for a target of 49.64. However, stock will show a bearish move below 48.1.

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	46.44
Downside Intraday Target	44.22
Upside Intraday Target	52.04
Upside Intraday Target	55.42
Upside Intraday Target	49.82

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	48.66	50.95	53.20	47.60	1.63 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, 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
16 Fri Aug 2024	48.66	50.25	53.20	46.30	0.482 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 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 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 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 mid to longer 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.

ADX buy sell signal for Damodar Indust stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Damodar Indust in short term and the sell signal is strong.

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. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 49.83 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 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.