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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 2024-09-10 View latest technical analysis

10 day averaged volume of Damodar Indust is 28892

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	47.55	47.87	48.83	47.30	0.687 times
09 Mon Sep 2024	47.35	48.02	48.41	47.10	0.916 times
06 Fri Sep 2024	48.10	49.45	49.45	47.52	0.591 times
05 Thu Sep 2024	48.53	49.50	49.50	47.61	0.599 times
04 Wed Sep 2024	48.43	48.05	50.00	47.35	2.901 times
03 Tue Sep 2024	47.56	48.64	48.64	47.40	0.785 times
02 Mon Sep 2024	47.32	48.55	49.39	45.10	2.187 times
30 Fri Aug 2024	48.08	48.81	49.49	47.80	0.501 times
29 Thu Aug 2024	48.38	48.96	49.89	48.21	0.653 times
28 Wed Aug 2024	48.96	48.80	49.49	48.80	0.262 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 47.5 as stoploss in an intra day buy trade for a target of 48.53. However, stock will show a bearish move below 47.5.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	43.00
Downside Target	45.10
Downside Target	46.30
Upside Target	50.00
Upside Target	50.52
Upside Target	50.85
Upside Target	53.20
Upside Target	53.70
Upside Target	55.00
Upside Target	56.75

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	46.82
Downside Intraday Target	46.1
Upside Intraday Target	48.55
Upside Intraday Target	49.56
Upside Intraday Target	47.83

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	47.55	48.02	48.83	47.10	0.227 times
06 Fri Sep 2024	48.10	48.55	50.00	45.10	2.778 times
30 Fri Aug 2024	48.08	50.52	50.52	47.80	0.272 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

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
10 Tue Sep 2024	47.55	48.55	50.00	45.10	0.253 times
30 Fri Aug 2024	48.08	50.25	53.20	46.30	0.739 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

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 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 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.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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. 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 moving up

CCI has generated a buy signal for Damodar Indust in short term but BUY 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 47.94 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.