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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 2024-05-29 View latest technical analysis

10 day averaged volume of Mohit Industries is 16817

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	21.00	21.45	21.45	20.35	1.098 times
28 Tue May 2024	20.65	21.50	21.60	20.60	1.197 times
27 Mon May 2024	21.20	22.45	22.45	21.05	1.23 times
24 Fri May 2024	21.75	21.65	22.45	21.30	1.045 times
23 Thu May 2024	21.60	22.05	22.10	21.30	0.656 times
22 Wed May 2024	21.85	22.40	22.40	21.00	1.244 times
21 Tue May 2024	21.90	21.80	23.35	21.60	1.011 times
18 Sat May 2024	21.80	21.40	21.90	21.00	0.185 times
17 Fri May 2024	21.40	21.20	21.95	20.65	1.076 times
16 Thu May 2024	21.20	22.55	22.55	21.05	0.821 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.3, but if it comes above 21.3, then a intra day buy could be more profitable.
If you take a sell trade below 21.3, then use 21.3 as stoploss and 20.6 as target. However if you take a buy trade in stock , then use 21.3 as stoploss and 21.85 as target.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	17.05
Downside Target	18.35
Downside Target	19.75
Downside Target	20.35
Upside Target	21.50
Upside Target	22.00
Upside Target	22.45
Upside Target	22.95
Upside Target	23.35
Upside Target	23.60
Upside Target	24.20
Upside Target	24.80
Upside Target	24.85

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	20.08
Downside Intraday Target	19.17
Upside Intraday Target	22.18
Upside Intraday Target	23.37
Upside Intraday Target	21.27

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	21.00	22.45	22.45	20.35	0.891 times
24 Fri May 2024	21.75	21.80	23.35	21.00	0.684 times
18 Sat May 2024	21.80	22.95	22.95	20.65	0.707 times
10 Fri May 2024	22.25	22.15	23.60	22.00	0.921 times
03 Fri May 2024	22.30	22.65	23.20	21.50	0.398 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
29 Wed May 2024	21.00	22.55	23.60	20.35	0.473 times
30 Tue Apr 2024	22.55	18.35	24.20	18.35	1.756 times
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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

Mohit Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 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 Mohit Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.39 and Mohit Industries (MOHITIND) 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 Mohit Industries (MOHITIND) stock. Volume based technical analysis of Mohit Industries (MOHITIND) stock is negative.

Mohit Industries 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.