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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 2025-01-02 View latest technical analysis

10 day averaged volume of Damodar Indust is 13188

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	45.29	45.86	46.28	43.55	2.419 times
01 Wed Jan 2025	43.55	44.79	44.79	43.02	0.219 times
31 Tue Dec 2024	42.77	43.73	43.73	42.30	0.409 times
30 Mon Dec 2024	42.66	45.32	45.32	42.50	0.579 times
27 Fri Dec 2024	44.43	44.79	45.80	43.12	2.619 times
26 Thu Dec 2024	42.91	43.80	43.80	42.45	0.88 times
24 Tue Dec 2024	42.45	43.90	43.90	42.11	0.159 times
23 Mon Dec 2024	42.10	45.31	45.31	41.53	0.826 times
20 Fri Dec 2024	43.08	43.90	44.46	42.56	0.845 times
19 Thu Dec 2024	43.30	44.99	45.00	42.50	1.9 times

Stock of Damodar Indust (DAMODARIND) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 45.8 as stoploss in an intra day sell trade for a target of 44.42. However, stock will show a bullish move above 45.8.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	38.46
Downside Target	41.12
Downside Target	45.10
Upside Target	46.28
Upside Target	46.55
Upside Target	46.80
Upside Target	47.15
Upside Target	47.90
Upside Target	51.20

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	42.97
Downside Intraday Target	40.64
Upside Intraday Target	46.95
Upside Intraday Target	48.6
Downside Intraday Target	44.62

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	45.29	45.32	46.28	42.30	0.809 times
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

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
02 Thu Jan 2025	45.29	44.79	46.28	43.02	0.074 times
31 Tue Dec 2024	42.77	41.60	47.15	41.12	3.146 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

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 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal for Damodar Indust in short term and the buy signal is strong.

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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Damodar Indust is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.81 and Damodar Indust (DAMODARIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.