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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 2024-09-17 View latest technical analysis

10 day averaged volume of Damodar Indust is 43697

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	48.21	48.51	49.49	48.00	0.866 times
16 Mon Sep 2024	48.40	50.00	50.00	48.10	0.404 times
13 Fri Sep 2024	49.51	49.95	50.99	49.16	0.566 times
12 Thu Sep 2024	49.25	49.20	49.99	48.58	0.524 times
11 Wed Sep 2024	48.78	48.40	51.20	47.42	4.222 times
10 Tue Sep 2024	47.55	47.87	48.83	47.30	0.454 times
09 Mon Sep 2024	47.35	48.02	48.41	47.10	0.606 times
06 Fri Sep 2024	48.10	49.45	49.45	47.52	0.391 times
05 Thu Sep 2024	48.53	49.50	49.50	47.61	0.396 times
04 Wed Sep 2024	48.43	48.05	50.00	47.35	1.918 times

My analysis of stock is bearish for shortterm, and stock might move down till 47.7 or till 46.7. Use a stoploss of 48.56 and if the stock hits stoploss, then it can shoot up till 49.41

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	51.20
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	47.47
Downside Intraday Target	46.74
Upside Intraday Target	49.47
Upside Intraday Target	50.74
Upside Intraday Target	48.74

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	48.21	50.00	50.00	48.00	0.199 times
13 Fri Sep 2024	49.51	48.02	51.20	47.10	1.364 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

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
17 Tue Sep 2024	48.21	48.55	51.20	45.10	0.544 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 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 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 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 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 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.

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 48.54 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.