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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 2024-10-25 View latest technical analysis

10 day averaged volume of Damodar Indust is 42466

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	42.21	43.32	45.01	41.70	1.12 times
24 Thu Oct 2024	42.16	42.25	43.40	42.00	0.468 times
23 Wed Oct 2024	42.57	42.09	43.00	41.70	0.618 times
22 Tue Oct 2024	42.09	44.10	44.50	41.80	0.774 times
21 Mon Oct 2024	43.87	43.54	47.10	42.75	2.609 times
18 Fri Oct 2024	43.37	44.21	45.79	43.10	1.809 times
17 Thu Oct 2024	44.92	46.00	47.90	43.22	1.574 times
16 Wed Oct 2024	44.99	45.88	46.75	44.30	0.721 times
15 Tue Oct 2024	45.49	45.58	46.49	44.26	0.857 times
14 Mon Oct 2024	44.37	44.99	44.99	44.30	0.085 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.9, but if it comes above 42.9, then a intra day buy could be more profitable.
If you take a sell trade below 42.9, then use 42.9 as stoploss and 41.4 as target. However if you take a buy trade in stock , then use 42.9 as stoploss and 44.03 as target.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	41.70
Upside Target	43.00
Upside Target	45.10
Upside Target	47.90
Upside Target	48.05
Upside Target	48.89
Upside Target	51.20
Upside Target	53.20
Upside Target	53.70
Upside Target	55.00

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	40.24
Downside Intraday Target	38.27
Upside Intraday Target	45.64
Upside Intraday Target	49.07
Upside Intraday Target	43.67

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	42.21	43.54	47.10	41.70	1.108 times
18 Fri Oct 2024	43.37	44.99	47.90	43.10	2.293 times
11 Fri Oct 2024	44.40	44.90	45.53	41.90	0.92 times
04 Fri Oct 2024	44.14	46.90	46.90	43.15	1.136 times
27 Fri Sep 2024	46.14	47.65	48.89	45.80	0.86 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
25 Fri Oct 2024	42.21	45.21	47.90	41.70	0.917 times
30 Mon Sep 2024	45.40	48.55	51.20	45.10	0.698 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

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 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 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 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 Strong 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 weakening, and bulls 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 positive zone. This is a BUY 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 43.7 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.