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(MOHITIND) Mohit Industries complete technical analysis [charts+indicators] | Buy/Sell Mohit Industries | (MOHITIND) share price targets

Complete technical analysis of Mohit Industries (MOHITIND) by charts plus indicators, forecast predictions and share price targets for Mohit Industries (MOHITIND)

Mohit Industries trades in NSE in Textiles sector.

Showing technical analysis as on 2024-03-28 View latest technical analysis

10 day averaged volume of Mohit Industries is 17713

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	18.95	19.20	19.45	18.30	1.42 times
27 Wed Mar 2024	19.20	19.50	20.40	18.70	2.213 times
26 Tue Mar 2024	19.95	18.85	20.85	18.85	1.331 times
22 Fri Mar 2024	19.90	19.60	20.40	19.50	1.053 times
21 Thu Mar 2024	19.60	19.95	20.10	19.40	0.823 times
20 Wed Mar 2024	19.45	19.45	20.05	19.05	0.422 times
19 Tue Mar 2024	19.30	19.90	19.90	19.05	0.677 times
18 Mon Mar 2024	19.30	19.95	19.95	18.90	0.378 times
15 Fri Mar 2024	18.60	19.80	19.80	18.20	1.01 times
14 Thu Mar 2024	18.15	17.50	18.85	17.10	0.464 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 18.8 as stoploss in an intra day buy trade for a target of 20.11. However, stock will show a bearish move below 18.8.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	16.50
Downside Target	17.05
Downside Target	18.30
Downside Target	18.90
Upside Target	20.40
Upside Target	20.85
Upside Target	21.00
Upside Target	21.35
Upside Target	22.80
Upside Target	23.00
Upside Target	23.80
Upside Target	24.80
Upside Target	24.85

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	17.88
Downside Intraday Target	16.82
Upside Intraday Target	20.43
Upside Intraday Target	21.92
Upside Intraday Target	19.37

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	18.95	18.85	20.85	18.30	1.481 times
22 Fri Mar 2024	19.90	19.95	20.40	18.90	0.621 times
15 Fri Mar 2024	18.60	20.85	21.35	17.10	0.492 times
07 Thu Mar 2024	20.40	21.50	22.80	19.55	1.403 times
02 Sat Mar 2024	22.05	23.00	23.80	21.00	0.289 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 Mohit Industries (MOHITIND)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	18.95	21.95	23.00	17.10	0.377 times
29 Thu Feb 2024	21.45	24.40	24.80	19.75	0.382 times
31 Wed Jan 2024	23.45	17.40	24.85	17.05	5.905 times
29 Fri Dec 2023	17.40	17.65	19.20	16.50	1.16 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 Mohit Industries (MOHITIND)

Price action analysis of Mohit Industries ( (MOHITIND) ) 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 Mohit Industries ( (MOHITIND) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mohit Industries ( (MOHITIND) ) 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 Mohit Industries ( (MOHITIND) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mohit Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mohit Industries in short term and the sell signal is strong.

Mohit Industries 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mohit Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Mohit Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.28 and Mohit Industries (MOHITIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Mohit Industries (MOHITIND) stock. Volume based technical analysis of Mohit Industries (MOHITIND) stock is negative.

Mohit Industries Stock is giving positive 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.