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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 2024-08-20 View latest technical analysis

10 day averaged volume of Damodar Indust is 51490

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	47.28	48.81	49.09	46.82	1.088 times
19 Mon Aug 2024	48.00	50.00	50.00	47.76	0.679 times
16 Fri Aug 2024	48.66	50.00	50.74	47.78	0.695 times
14 Wed Aug 2024	48.80	51.75	51.75	48.50	0.797 times
13 Tue Aug 2024	50.75	51.80	51.94	49.50	0.654 times
12 Mon Aug 2024	51.55	50.95	53.20	47.60	3.63 times
09 Fri Aug 2024	49.50	47.99	50.60	47.60	1.238 times
08 Thu Aug 2024	47.15	49.20	49.20	46.30	0.788 times
07 Wed Aug 2024	48.56	48.90	49.49	48.18	0.425 times
06 Tue Aug 2024	48.50	49.90	49.90	47.25	0.427 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.9, but if it comes above 47.9, then a intra day buy could be more profitable.
If you take a sell trade below 47.9, then use 47.9 as stoploss and 45.9 as target. However if you take a buy trade in stock , then use 47.9 as stoploss and 49.48 as target.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	42.95
Downside Target	46.30
Upside Target	50.00
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	46.07
Downside Intraday Target	44.85
Upside Intraday Target	49.25
Upside Intraday Target	51.21
Upside Intraday Target	48.03

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	47.28	50.00	50.00	46.82	0.306 times
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

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
20 Tue Aug 2024	47.28	50.25	53.20	46.30	0.55 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 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 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 mid to longer 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.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 49.6 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.