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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 2024-01-05 View latest technical analysis

10 day averaged volume of Mohit Industries is 38191

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	18.60	17.70	18.85	17.70	2.715 times
04 Thu Jan 2024	18.05	17.75	18.40	17.30	4.448 times
03 Wed Jan 2024	17.40	17.75	17.75	17.20	0.502 times
02 Tue Jan 2024	17.40	17.20	17.85	17.20	0.497 times
01 Mon Jan 2024	17.40	17.40	17.80	17.05	0.487 times
29 Fri Dec 2023	17.40	17.60	17.95	17.30	0.347 times
28 Thu Dec 2023	17.40	18.00	18.20	17.15	1.135 times
27 Wed Dec 2023	17.50	17.95	18.45	17.05	1.205 times
26 Tue Dec 2023	16.80	17.00	17.00	16.80	0.134 times
22 Fri Dec 2023	16.75	17.00	17.20	16.60	0.33 times

Stock of Mohit Industries (MOHITIND) 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 18.2, but if it comes below 18.2, then a intra day sell could be more profitable.
If you take a sell trade below 18.2, then use 18.2 as stoploss and 17.62 as target. However if you take a buy trade in stock , then use 18.2 as stoploss and 18.9 as target.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	14.35
Downside Target	16.50
Downside Target	18.10
Upside Target	18.85
Upside Target	19.00
Upside Target	19.10
Upside Target	19.20
Upside Target	20.75
Upside Target	22.75

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	17.48
Downside Intraday Target	16.37
Upside Intraday Target	19.28
Upside Intraday Target	19.97
Downside Intraday Target	18.17

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	18.60	17.40	18.85	17.05	3.067 times
29 Fri Dec 2023	17.40	17.00	18.45	16.80	0.803 times
22 Fri Dec 2023	16.75	17.80	18.10	16.50	0.64 times
15 Fri Dec 2023	17.80	18.90	19.10	17.50	2.323 times
08 Fri Dec 2023	17.95	18.00	19.20	17.20	0.869 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 Mohit Industries (MOHITIND)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	18.60	17.40	18.85	17.05	0.6 times
29 Fri Dec 2023	17.40	17.65	19.20	16.50	1.16 times
30 Thu Nov 2023	17.80	18.05	19.00	17.30	0.793 times
05 Thu Oct 2023	19.90	19.80	20.75	18.50	0.12 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 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 Mohit Industries ( (MOHITIND) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 gaining 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 stronger in this stock.

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

CCI has generated a buy signal for Mohit Industries 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

Stock of Mohit Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 17.91 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.