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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 2025-05-16 View latest technical analysis

10 day averaged volume of Damodar Indust is 20195

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri May 2025	35.26	34.05	35.68	33.25	0.223 times
15 Thu May 2025	34.34	34.00	34.98	33.88	0.32 times
14 Wed May 2025	33.55	34.68	34.99	32.55	0.768 times
13 Tue May 2025	34.24	33.99	34.50	33.99	0.457 times
12 Mon May 2025	34.12	32.50	34.70	32.49	0.684 times
09 Fri May 2025	31.65	31.89	32.54	30.95	0.209 times
08 Thu May 2025	32.68	31.70	34.00	31.70	0.551 times
07 Wed May 2025	31.06	30.32	31.51	29.30	0.296 times
06 Tue May 2025	31.41	32.53	33.49	31.33	0.58 times
05 Mon May 2025	32.54	32.39	36.48	31.11	5.935 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.6, but if it comes below 34.6, then a intra day sell could be more profitable.
If you take a sell trade below 34.6, then use 34.6 as stoploss and 33.23 as target. However if you take a buy trade in stock , then use 34.6 as stoploss and 36.2 as target.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	28.00
Downside Target	29.30
Downside Target	30.00
Downside Target	30.95
Downside Target	32.15
Downside Target	33.89
Upside Target	35.68
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	33.27
Downside Intraday Target	31.29
Upside Intraday Target	36.46
Upside Intraday Target	37.67
Downside Intraday Target	34.48

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri May 2025	35.26	32.50	35.68	32.49	0.324 times
09 Fri May 2025	31.65	32.39	36.48	29.30	5.183 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

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
16 Fri May 2025	35.26	31.95	36.48	29.30	0.739 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 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 short to mid 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 mid to longer 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.

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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 32.8 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.