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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.

10 day averaged volume of Mohit Industries is 29192

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	21.80	21.90	22.45	21.55	0.435 times
15 Mon Apr 2024	21.85	21.90	22.80	21.70	1.124 times
12 Fri Apr 2024	22.60	21.50	23.00	21.45	3.786 times
10 Wed Apr 2024	21.10	20.90	21.25	20.35	0.91 times
09 Tue Apr 2024	20.90	20.75	21.20	20.75	0.59 times
08 Mon Apr 2024	20.75	20.95	21.80	20.30	0.574 times
05 Fri Apr 2024	20.50	20.25	20.60	20.00	0.515 times
04 Thu Apr 2024	20.30	20.45	21.00	19.65	1.076 times
03 Wed Apr 2024	20.15	20.00	20.45	19.80	0.42 times
02 Tue Apr 2024	19.90	19.50	20.60	19.50	0.456 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.2, but if it comes below 21.2, then a intra day sell could be more profitable.
If you take a sell trade below 21.2, then use 21.2 as stoploss and 20.18 as target. However if you take a buy trade in stock , then use 21.2 as stoploss and 22.4 as target.

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
Downside Target	19.75
Downside Target	20.30
Downside Target	20.85
Downside Target	21.55
Upside Target	22.80
Upside Target	23.00
Upside Target	24.80
Upside Target	24.85

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	21.3
Downside Intraday Target	20.8
Upside Intraday Target	22.55
Upside Intraday Target	23.3
Upside Intraday Target	22.05

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	21.80	21.90	22.80	21.55	0.266 times
12 Fri Apr 2024	22.60	20.95	23.00	20.30	1.942 times
05 Fri Apr 2024	20.50	18.35	21.00	18.35	1.002 times
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

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
16 Tue Apr 2024	21.80	18.35	23.00	18.35	0.65 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
31 Wed Jan 2024	23.45	17.40	24.85	17.05	5.905 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 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 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 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 21.54 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.