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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.

10 day averaged volume of Damodar Indust is 10002

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	38.50	39.95	39.95	37.70	0.517 times
31 Fri Jan 2025	38.24	39.24	39.25	35.12	1.854 times
30 Thu Jan 2025	37.11	38.45	39.50	36.51	1.213 times
29 Wed Jan 2025	37.44	35.61	38.18	35.22	0.74 times
28 Tue Jan 2025	35.22	37.65	38.00	34.40	1.012 times
27 Mon Jan 2025	37.47	39.26	39.80	35.00	1.261 times
24 Fri Jan 2025	39.26	40.44	40.79	39.15	0.704 times
23 Thu Jan 2025	39.82	40.57	41.00	39.51	0.72 times
22 Wed Jan 2025	40.33	41.49	41.49	40.10	1.286 times
21 Tue Jan 2025	40.68	41.63	41.63	39.61	0.476 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 37.7 as stoploss in an intra day buy trade for a target of 39.44. However, stock will show a bearish move below 37.7.

Share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Target	34.40
Downside Target	37.70
Upside Target	41.12
Upside Target	41.63
Upside Target	41.70
Upside Target	41.98
Upside Target	45.27
Upside Target	45.49
Upside Target	46.70
Upside Target	47.15
Upside Target	47.90

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type	Value
Downside Intraday Target	37.48
Downside Intraday Target	36.47
Upside Intraday Target	39.73
Upside Intraday Target	40.97
Upside Intraday Target	38.72

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	38.50	39.95	39.95	37.70	0.085 times
31 Fri Jan 2025	38.24	39.26	39.80	34.40	1.551 times
24 Fri Jan 2025	39.26	41.60	41.63	39.15	0.995 times
17 Fri Jan 2025	39.32	41.98	41.98	38.00	0.602 times
10 Fri Jan 2025	41.14	44.08	45.27	40.05	1.015 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
03 Mon Feb 2025	38.50	39.95	39.95	37.70	0.02 times
31 Fri Jan 2025	38.24	44.79	46.70	34.40	0.548 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

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 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 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 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 SELL. 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.

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 red color and prices are in or above the red 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

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 38.22 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.