(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 40322
Date | Daily Closing Price | Open | High | Low | Volume |
03 Fri May 2024 | 54.25 | 54.40 | 56.75 | 53.10 | 4.534 times |
02 Thu May 2024 | 53.55 | 54.40 | 54.40 | 52.75 | 0.385 times |
30 Tue Apr 2024 | 53.15 | 51.30 | 54.80 | 51.25 | 2.641 times |
29 Mon Apr 2024 | 51.15 | 51.05 | 52.05 | 51.00 | 0.378 times |
26 Fri Apr 2024 | 51.85 | 53.35 | 53.45 | 51.45 | 0.21 times |
25 Thu Apr 2024 | 51.95 | 52.00 | 53.00 | 51.60 | 0.317 times |
24 Wed Apr 2024 | 52.35 | 52.15 | 54.75 | 51.00 | 1.99 times |
23 Tue Apr 2024 | 53.30 | 53.10 | 54.25 | 52.20 | 0.748 times |
22 Mon Apr 2024 | 53.00 | 51.00 | 54.65 | 50.35 | 1.548 times |
19 Fri Apr 2024 | 51.00 | 51.95 | 52.20 | 50.35 | 0.616 times |
Stock of Damodar Indust (DAMODARIND) has showed a significant upmove. This could be a good time to enter in 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 53.3, but if it comes below 53.3, then a intra day sell could be more profitable.
If you take a sell trade below 53.3, then use 53.3 as stoploss and 51.36 as target. However if you take a buy trade in stock , then use 53.3 as stoploss and 55.7 as target.
Share price targets for Damodar Indust (DAMODARIND)
Target Type | Value |
Downside Target | 41.10 |
Downside Target | 42.95 |
Downside Target | 47.55 |
Downside Target | 48.85 |
Downside Target | 50.35 |
Downside Target | 52.75 |
Upside Target | 54.70 |
Upside Target | 54.80 |
Upside Target | 56.75 |
Upside Target | 57.50 |
Upside Target | 65.65 |
Upside Target | 68.60 |
Intraday share price targets for Damodar Indust (DAMODARIND)
Target Type | Value |
Downside Intraday Target | 51.25 |
Downside Intraday Target | 48.25 |
Upside Intraday Target | 57 |
Upside Intraday Target | 59.75 |
Downside Intraday Target | 54 |
Weekly technical analysis of Damodar Indust (DAMODARIND)
Date | Weekly Closing Price | Open | High | Low | Volume |
03 Fri May 2024 | 54.25 | 51.05 | 56.75 | 51.00 | 1.649 times |
26 Fri Apr 2024 | 51.85 | 51.00 | 54.75 | 50.35 | 1.738 times |
19 Fri Apr 2024 | 51.00 | 50.60 | 52.90 | 47.55 | 0.364 times |
12 Fri Apr 2024 | 51.35 | 50.35 | 54.70 | 48.85 | 1.56 times |
05 Fri Apr 2024 | 48.80 | 43.80 | 50.35 | 42.95 | 0.918 times |
Price has moved up 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 |
03 Fri May 2024 | 54.25 | 54.40 | 56.75 | 52.75 | 0.213 times |
30 Tue Apr 2024 | 53.15 | 43.80 | 54.80 | 42.95 | 1.402 times |
28 Thu Mar 2024 | 41.70 | 53.70 | 57.50 | 41.10 | 0.237 times |
29 Thu Feb 2024 | 53.70 | 57.95 | 68.60 | 51.35 | 0.718 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 Damodar Indust (DAMODARIND)
Price action analysis of Damodar Indust ( (DAMODARIND) ) 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 Damodar Indust ( (DAMODARIND) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Damodar Indust ( (DAMODARIND) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Damodar Indust 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.
Damodar Indust Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Damodar Indust in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying 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 Damodar Indust is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 53.2 and Damodar Indust (DAMODARIND) 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 Damodar Indust (DAMODARIND) stock. Volume based technical analysis of Damodar Indust (DAMODARIND) stock is negative.
Damodar Indust 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.
Price action analysis of Damodar Indust ( (DAMODARIND) ) 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 Damodar Indust ( (DAMODARIND) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Damodar Indust ( (DAMODARIND) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Damodar Indust 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.
Damodar Indust Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Damodar Indust in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying 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 Damodar Indust is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 53.2 and Damodar Indust (DAMODARIND) 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 Damodar Indust (DAMODARIND) stock. Volume based technical analysis of Damodar Indust (DAMODARIND) stock is negative.
Damodar Indust 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.
Click here for Damodar Indust charts
Click here for further forecast and predictions for tomorrow
Daily charts
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