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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 2024-11-08 View latest technical analysis

10 day averaged volume of Damodar Indust is 16781

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	42.54	43.05	43.77	42.15	0.461 times
07 Thu Nov 2024	43.26	44.00	44.09	43.05	0.311 times
06 Wed Nov 2024	43.72	44.15	44.15	43.25	0.204 times
05 Tue Nov 2024	43.60	44.27	44.37	43.10	0.298 times
04 Mon Nov 2024	43.98	44.80	44.80	43.35	0.387 times
01 Fri Nov 2024	44.87	44.48	45.49	44.01	0.035 times
31 Thu Oct 2024	44.00	44.01	46.41	43.21	1.114 times
30 Wed Oct 2024	44.33	42.65	45.79	42.56	3.309 times
29 Tue Oct 2024	42.65	42.45	43.50	42.45	0.287 times
28 Mon Oct 2024	42.48	43.00	43.69	42.17	1.221 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 42.5 as stoploss in an intra day buy trade for a target of 43.57. However, stock will show a bearish move below 42.5.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	41.70
Upside Target	43.10
Upside Target	44.80
Upside Target	46.41
Upside Target	47.10
Upside Target	47.90
Upside Target	48.05
Upside Target	51.20
Upside Target	53.20
Upside Target	55.00

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	41.53
Downside Intraday Target	40.51
Upside Intraday Target	44.18
Upside Intraday Target	45.81
Upside Intraday Target	43.16

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	42.54	44.80	44.80	42.15	0.278 times
01 Fri Nov 2024	44.87	43.00	46.41	42.17	0.422 times
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

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
08 Fri Nov 2024	42.54	44.48	45.49	42.15	0.039 times
31 Thu Oct 2024	44.00	45.21	47.90	41.70	1.061 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

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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 43.71 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 negative.

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