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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 2024-06-18 View latest technical analysis

10 day averaged volume of Mohit Industries is 32248

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	22.84	23.70	23.71	22.16	3.224 times
14 Fri Jun 2024	23.26	23.75	23.75	23.01	1.155 times
13 Thu Jun 2024	23.27	23.10	23.51	22.56	1.55 times
12 Wed Jun 2024	23.01	23.12	23.18	22.76	0.524 times
11 Tue Jun 2024	22.76	22.39	24.00	22.39	0.87 times
10 Mon Jun 2024	22.43	22.60	23.00	22.10	1.138 times
07 Fri Jun 2024	22.25	21.00	22.80	21.00	2.014 times
06 Thu Jun 2024	20.95	20.15	21.10	20.15	0.407 times
05 Wed Jun 2024	20.20	20.05	20.75	19.00	0.663 times
04 Tue Jun 2024	19.65	20.95	21.00	19.25	1.051 times

Stock of Mohit Industries (MOHITIND) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 22.7, but if it comes below 22.7, then a intra day sell could be more profitable.
If you take a sell trade below 22.7, then use 22.7 as stoploss and 21.55 as target. However if you take a buy trade in stock , then use 22.7 as stoploss and 24 as target.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	17.10
Downside Target	18.35
Downside Target	19.00
Downside Target	19.75
Downside Target	21.00
Downside Target	22.10
Upside Target	23.35
Upside Target	23.60
Upside Target	23.71
Upside Target	24.00
Upside Target	24.20
Upside Target	24.80

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	22.1
Downside Intraday Target	21.35
Upside Intraday Target	23.65
Upside Intraday Target	24.45
Upside Intraday Target	22.9

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	22.84	23.70	23.71	22.16	0.616 times
14 Fri Jun 2024	23.26	22.60	24.00	22.10	1.099 times
07 Fri Jun 2024	22.25	21.85	22.80	19.00	1.605 times
31 Fri May 2024	19.95	22.45	22.45	19.30	1.439 times
24 Fri May 2024	21.75	21.80	23.35	21.00	0.684 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
18 Tue Jun 2024	22.84	21.85	24.00	19.00	1.002 times
31 Fri May 2024	19.95	22.55	23.60	19.30	0.518 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

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 Mohit Industries (MOHITIND)

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 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 Mohit Industries ( (MOHITIND) ) based on a short to mid 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 Mohit Industries ( (MOHITIND) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Mohit Industries 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.

Mohit Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mohit Industries in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 22.34 and Mohit Industries (MOHITIND) 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 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 positive

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