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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 2024-02-14 View latest technical analysis

10 day averaged volume of Mohit Industries is 65836

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	20.35	21.25	21.25	19.75	0.424 times
13 Tue Feb 2024	20.05	20.80	21.30	19.90	0.474 times
12 Mon Feb 2024	20.70	22.75	22.80	20.55	0.557 times
09 Fri Feb 2024	21.70	22.65	22.80	21.35	0.885 times
08 Thu Feb 2024	22.65	22.40	23.25	22.40	0.847 times
07 Wed Feb 2024	22.55	22.30	23.40	22.25	0.849 times
06 Tue Feb 2024	22.55	22.80	22.90	22.25	0.566 times
05 Mon Feb 2024	22.80	23.95	23.95	22.65	0.828 times
02 Fri Feb 2024	23.25	24.35	24.35	22.75	1.109 times
01 Thu Feb 2024	23.50	24.40	24.80	23.40	1.36 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.8, but if it comes above 20.8, then a intra day buy could be more profitable.
If you take a sell trade below 20.8, then use 20.8 as stoploss and 19.3 as target. However if you take a buy trade in stock , then use 20.8 as stoploss and 21.97 as target.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	16.50
Downside Target	17.05
Downside Target	18.50
Downside Target	19.00
Downside Target	19.75
Upside Target	20.65
Upside Target	21.35
Upside Target	22.50
Upside Target	23.00
Upside Target	23.10
Upside Target	23.95
Upside Target	24.80
Upside Target	24.85

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	19.13
Downside Intraday Target	17.92
Upside Intraday Target	22.18
Upside Intraday Target	24.02
Upside Intraday Target	20.97

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	20.35	22.75	22.80	19.75	0.366 times
09 Fri Feb 2024	21.70	23.95	23.95	21.35	0.358 times
02 Fri Feb 2024	23.25	23.10	24.85	22.50	1.395 times
25 Thu Jan 2024	22.85	20.75	23.00	20.65	0.836 times
19 Fri Jan 2024	20.75	22.05	23.10	19.15	0.519 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
14 Wed Feb 2024	20.35	24.40	24.80	19.75	0.16 times
31 Wed Jan 2024	23.45	17.40	24.85	17.05	5.905 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

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mohit Industries ( (MOHITIND) ) based on a short to mid 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mohit Industries in short term but the sell signal is initial and weak.

Mohit Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term and selling is picking up 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 22.36 and Mohit Industries (MOHITIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.