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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 2025-01-07 View latest technical analysis

10 day averaged volume of Damodar Indust is 13860

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	42.81	42.25	45.00	42.21	1.596 times
06 Mon Jan 2025	42.18	44.08	45.27	42.00	1.082 times
03 Fri Jan 2025	44.58	46.70	46.70	44.10	1.202 times
02 Thu Jan 2025	45.29	45.86	46.28	43.55	2.301 times
01 Wed Jan 2025	43.55	44.79	44.79	43.02	0.208 times
31 Tue Dec 2024	42.77	43.73	43.73	42.30	0.389 times
30 Mon Dec 2024	42.66	45.32	45.32	42.50	0.551 times
27 Fri Dec 2024	44.43	44.79	45.80	43.12	2.492 times
26 Thu Dec 2024	42.91	43.80	43.80	42.45	0.838 times
24 Tue Dec 2024	42.45	43.90	43.90	42.11	0.151 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 42.7 as stoploss in an intra day buy trade for a target of 43.99. However, stock will show a bearish move below 42.7.

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	41.45
Downside Intraday Target	40.09
Upside Intraday Target	44.72
Upside Intraday Target	46.63
Upside Intraday Target	43.36

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	42.81	44.08	45.27	42.00	0.576 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
07 Tue Jan 2025	42.81	44.79	46.70	42.00	0.189 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 43.85 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 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.