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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 2025-05-06 View latest technical analysis

10 day averaged volume of Damodar Indust is 23204

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue May 2025	31.41	32.53	33.49	31.33	0.505 times
05 Mon May 2025	32.54	32.39	36.48	31.11	5.166 times
02 Fri May 2025	31.56	31.95	32.20	31.37	0.175 times
30 Wed Apr 2025	31.37	33.60	33.95	30.95	0.648 times
29 Tue Apr 2025	33.74	34.90	34.90	33.52	0.244 times
28 Mon Apr 2025	33.98	33.59	34.60	33.00	0.205 times
25 Fri Apr 2025	33.38	35.79	36.90	33.00	0.413 times
24 Thu Apr 2025	34.78	35.50	35.95	34.10	0.248 times
23 Wed Apr 2025	34.57	35.65	36.25	33.51	1.145 times
22 Tue Apr 2025	35.20	34.00	35.71	33.64	0.989 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 31.3 as stoploss in an intra day buy trade for a target of 32.64. However, stock will show a bearish move below 31.3.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	28.00
Downside Target	30.00
Downside Target	30.95
Upside Target	32.15
Upside Target	32.90
Upside Target	33.89
Upside Target	34.90
Upside Target	36.48
Upside Target	36.90
Upside Target	41.45
Upside Target	46.70

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	29.52
Downside Intraday Target	27.63
Upside Intraday Target	34.89
Upside Intraday Target	38.37
Upside Intraday Target	33

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue May 2025	31.41	32.39	36.48	31.11	4.461 times
02 Fri May 2025	31.56	33.59	34.90	30.95	0.357 times
25 Fri Apr 2025	33.38	32.55	36.90	32.15	4.239 times
17 Thu Apr 2025	31.59	32.12	32.90	31.25	0.317 times
11 Fri Apr 2025	31.26	32.70	33.05	30.00	0.681 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Damodar Indust (DAMODARIND)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue May 2025	31.41	31.95	36.48	31.11	0.485 times
30 Wed Apr 2025	31.37	31.20	36.90	30.00	0.561 times
28 Fri Mar 2025	30.41	30.27	33.89	28.00	2.771 times
28 Fri Feb 2025	30.03	39.95	41.45	30.00	0.701 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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

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 33.05 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.