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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 2024-12-27 View latest technical analysis

10 day averaged volume of Damodar Indust is 21026

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	44.43	44.79	45.80	43.12	1.642 times
26 Thu Dec 2024	42.91	43.80	43.80	42.45	0.552 times
24 Tue Dec 2024	42.45	43.90	43.90	42.11	0.1 times
23 Mon Dec 2024	42.10	45.31	45.31	41.53	0.518 times
20 Fri Dec 2024	43.08	43.90	44.46	42.56	0.53 times
19 Thu Dec 2024	43.30	44.99	45.00	42.50	1.192 times
18 Wed Dec 2024	45.14	46.22	46.55	44.00	0.982 times
17 Tue Dec 2024	45.53	45.70	46.10	44.20	1.552 times
16 Mon Dec 2024	45.03	46.45	46.45	43.75	3.974 times
13 Fri Dec 2024	45.36	45.98	45.98	43.72	0.142 times

My analysis of stock is bullish for shortterm, and stock might move up till 45.8 or till 47.7. Use a stoploss of 44.17 and if this stock hits its stoploss, then it can fall down till 42.55

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	38.46
Downside Target	39.75
Downside Target	41.12
Downside Target	43.66
Upside Target	45.10
Upside Target	46.55
Upside Target	46.80
Upside Target	47.15
Upside Target	47.90
Upside Target	51.20
Upside Target	53.20

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	42.04
Downside Intraday Target	39.65
Upside Intraday Target	46.31
Upside Intraday Target	48.19
Downside Intraday Target	43.92

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	44.43	45.31	45.80	41.53	0.342 times
20 Fri Dec 2024	43.08	46.45	46.55	42.50	1.868 times
13 Fri Dec 2024	45.36	46.80	46.80	43.66	0.711 times
06 Fri Dec 2024	45.79	41.60	47.15	41.12	3.589 times
29 Fri Nov 2024	41.10	41.18	41.86	39.75	0.928 times

Price has moved up 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 Fri Dec 2024	44.43	41.60	47.15	41.12	3.058 times
29 Fri Nov 2024	41.10	44.48	45.49	38.46	0.203 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Damodar Indust in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Damodar Indust in short term and BUY 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

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 44.49 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 positive

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