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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 2024-08-27 View latest technical analysis

10 day averaged volume of Damodar Indust is 58247

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	48.69	49.78	50.05	48.40	0.3 times
26 Mon Aug 2024	49.66	50.52	50.52	49.52	0.259 times
23 Fri Aug 2024	50.27	50.50	50.85	49.56	0.852 times
22 Thu Aug 2024	50.18	48.75	50.68	48.50	1.605 times
21 Wed Aug 2024	48.00	47.31	48.50	47.31	0.616 times
20 Tue Aug 2024	47.28	48.81	49.09	46.82	0.961 times
19 Mon Aug 2024	48.00	50.00	50.00	47.76	0.6 times
16 Fri Aug 2024	48.66	50.00	50.74	47.78	0.615 times
14 Wed Aug 2024	48.80	51.75	51.75	48.50	0.704 times
13 Tue Aug 2024	50.75	51.80	51.94	49.50	0.578 times

My analysis of stock is bearish for shortterm, and stock might move down till 47.8 or till 46. Use a stoploss of 49.27 and if the stock hits stoploss, then it can shoot up till 50.77

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	42.95
Downside Target	46.30
Upside Target	50.52
Upside Target	50.85
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	47.89
Downside Intraday Target	47.08
Upside Intraday Target	50.01
Upside Intraday Target	51.32
Upside Intraday Target	49.2

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	48.69	50.52	50.52	48.40	0.121 times
23 Fri Aug 2024	50.27	50.00	50.85	46.82	0.908 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

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
27 Tue Aug 2024	48.69	50.25	53.20	46.30	0.708 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Damodar Indust stock for short term is SELL. 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. 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 49.12 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.