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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 2025-01-06 View latest technical analysis

10 day averaged volume of Damodar Indust is 13474

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	42.18	44.08	45.27	42.00	1.113 times
03 Fri Jan 2025	44.58	46.70	46.70	44.10	1.236 times
02 Thu Jan 2025	45.29	45.86	46.28	43.55	2.367 times
01 Wed Jan 2025	43.55	44.79	44.79	43.02	0.214 times
31 Tue Dec 2024	42.77	43.73	43.73	42.30	0.4 times
30 Mon Dec 2024	42.66	45.32	45.32	42.50	0.567 times
27 Fri Dec 2024	44.43	44.79	45.80	43.12	2.563 times
26 Thu Dec 2024	42.91	43.80	43.80	42.45	0.862 times
24 Tue Dec 2024	42.45	43.90	43.90	42.11	0.156 times
23 Mon Dec 2024	42.10	45.31	45.31	41.53	0.808 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.8, but if it comes above 42.8, then a intra day buy could be more profitable.
If you take a sell trade below 42.8, then use 42.8 as stoploss and 41.2 as target. However if you take a buy trade in stock , then use 42.8 as stoploss and 44.16 as target.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	38.46
Downside Target	41.12
Upside Target	43.66
Upside Target	45.10
Upside Target	45.80
Upside Target	46.55
Upside Target	46.70
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	41.03
Downside Intraday Target	39.88
Upside Intraday Target	44.3
Upside Intraday Target	46.42
Upside Intraday Target	43.15

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	42.18	44.08	45.27	42.00	0.233 times
03 Fri Jan 2025	44.58	45.32	46.70	42.30	1.09 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

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
06 Mon Jan 2025	42.18	44.79	46.70	42.00	0.142 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Damodar Indust ( (DAMODARIND) ) based on a mid to longer 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.

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 and the sell signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 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 43.88 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.