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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 30656

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 22.80 22.75 23.00 22.35 0.255 times
15 Thu Apr 2021 22.45 23.35 23.75 21.75 1.042 times
13 Tue Apr 2021 22.95 23.95 24.50 21.40 3.562 times
12 Mon Apr 2021 23.30 25.00 25.00 23.00 0.571 times
09 Fri Apr 2021 24.25 25.00 25.00 23.45 0.591 times
08 Thu Apr 2021 24.10 23.80 24.35 23.70 1.152 times
07 Wed Apr 2021 23.45 23.85 24.05 23.00 0.59 times
06 Tue Apr 2021 23.20 24.50 24.50 22.50 0.447 times
05 Mon Apr 2021 23.60 25.65 25.65 23.25 0.472 times
01 Thu Apr 2021 24.20 24.30 25.00 23.10 0.594 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 22.6 as stoploss in an intra day buy trade for a target of 24.18. However, stock will show a bearish move below 22.6.

Share price targets for Damodar Indust (DAMODARIND)

Target Type Value
Downside Target 21.10
Downside Target 22.50
Upside Target 24.15
Upside Target 25.00
Upside Target 25.65
Upside Target 28.50
Upside Target 28.80
Upside Target 30.30
Upside Target 32.90
Upside Target 34.95
Upside Target 35.90
Upside Target 38.00
Upside Target 41.85

Intraday share price targets for Damodar Indust (DAMODARIND)

Target Type Value
Downside Intraday Target 21.13
Downside Intraday Target 19.47
Upside Intraday Target 24.73
Upside Intraday Target 26.67
Upside Intraday Target 23.07

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 22.80 25.00 25.00 21.40 1.67 times
09 Fri Apr 2021 24.25 25.65 25.65 22.50 0.901 times
01 Thu Apr 2021 24.20 23.95 25.00 21.70 0.312 times
26 Fri Mar 2021 23.30 27.95 28.80 21.10 1.77 times
19 Fri Mar 2021 26.95 32.85 32.90 24.15 2.107 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
16 Fri Apr 2021 22.80 24.30 25.65 21.40 0.343 times
31 Wed Mar 2021 23.90 33.20 34.95 21.10 2.136 times
25 Thu Feb 2021 33.85 32.50 35.90 28.50 0.528 times
29 Fri Jan 2021 31.20 38.00 41.85 30.30 0.804 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)

Indicator Name Indicator Value Indicator Signal
ADX 9, 22, 42 Sell
MACD -3, -4Buy
Stochastics 31None
CCI -109Buy
RSI 48Sell
OBV -503965Sell
VWAP 23Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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 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 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 BUY signal for Damodar Indust in short term but the buy signal is initial and weak.

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 getting stronger in this stock.

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 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

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 23.29 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 negative.

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

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Daily charts

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Daily chart
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