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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 2024-08-22 View latest technical analysis

10 day averaged volume of Damodar Indust is 55045

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	50.18	48.75	50.68	48.50	1.698 times
21 Wed Aug 2024	48.00	47.31	48.50	47.31	0.652 times
20 Tue Aug 2024	47.28	48.81	49.09	46.82	1.017 times
19 Mon Aug 2024	48.00	50.00	50.00	47.76	0.635 times
16 Fri Aug 2024	48.66	50.00	50.74	47.78	0.65 times
14 Wed Aug 2024	48.80	51.75	51.75	48.50	0.745 times
13 Tue Aug 2024	50.75	51.80	51.94	49.50	0.612 times
12 Mon Aug 2024	51.55	50.95	53.20	47.60	3.395 times
09 Fri Aug 2024	49.50	47.99	50.60	47.60	1.158 times
08 Thu Aug 2024	47.15	49.20	49.20	46.30	0.737 times

My analysis of stock is bullish for shortterm, and stock might move up till 51.2 or till 53.1. Use a stoploss of 49.52 and if this stock hits its stoploss, then it can fall down till 47.88

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	42.95
Downside Target	46.30
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	47.77
Downside Intraday Target	45.37
Upside Intraday Target	51.63
Upside Intraday Target	53.09
Downside Intraday Target	49.23

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	50.18	50.00	50.68	46.82	0.741 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 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
22 Thu Aug 2024	50.18	50.25	53.20	46.30	0.647 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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.

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. Bears are weakening, and bulls are picking up momentum!

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 49.67 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.