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(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.

Showing technical analysis as on 2024-04-30 View latest technical analysis

10 day averaged volume of Damodar Indust is 32094

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	53.15	51.30	54.80	51.25	3.318 times
29 Mon Apr 2024	51.15	51.05	52.05	51.00	0.474 times
26 Fri Apr 2024	51.85	53.35	53.45	51.45	0.264 times
25 Thu Apr 2024	51.95	52.00	53.00	51.60	0.398 times
24 Wed Apr 2024	52.35	52.15	54.75	51.00	2.5 times
23 Tue Apr 2024	53.30	53.10	54.25	52.20	0.939 times
22 Mon Apr 2024	53.00	51.00	54.65	50.35	1.945 times
19 Fri Apr 2024	51.00	51.95	52.20	50.35	0.774 times
18 Thu Apr 2024	52.40	50.30	52.90	49.05	1.467 times
16 Tue Apr 2024	49.85	48.15	50.40	47.55	0.521 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 53.1, but if it comes below 53.1, then a intra day sell could be more profitable.
If you take a sell trade below 53.1, then use 53.1 as stoploss and 50.44 as target. However if you take a buy trade in stock , then use 53.1 as stoploss and 56.2 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	50.35
Downside Target	52.90
Upside Target	54.45
Upside Target	54.70
Upside Target	54.75
Upside Target	54.80
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	51.17
Downside Intraday Target	49.18
Upside Intraday Target	54.97
Upside Intraday Target	56.78
Downside Intraday Target	52.98

Weekly technical analysis of Damodar Indust (DAMODARIND)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	53.15	51.05	54.80	51.00	0.627 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, 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 Damodar Indust (DAMODARIND)

Date	Monthly Closing Price	Open	High	Low	Volume
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
31 Wed Jan 2024	57.20	50.35	65.65	49.00	4.619 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Damodar Indust ( (DAMODARIND) ) 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 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 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 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 and the buying is gaining 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 52.48 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.