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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 2024-03-06 View latest technical analysis

10 day averaged volume of Mohit Industries is 27625

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	20.25	22.50	22.50	20.05	3.839 times
05 Tue Mar 2024	22.20	22.30	22.75	21.80	0.81 times
04 Mon Mar 2024	22.25	21.50	22.80	21.45	0.378 times
02 Sat Mar 2024	22.05	22.60	22.90	21.70	0.177 times
01 Fri Mar 2024	22.60	21.95	23.00	21.05	0.934 times
29 Thu Feb 2024	21.45	22.70	22.70	21.00	0.41 times
28 Wed Feb 2024	21.50	23.45	23.45	21.25	1.357 times
27 Tue Feb 2024	23.15	23.10	23.50	22.90	0.75 times
26 Mon Feb 2024	23.20	23.00	23.80	23.00	1.391 times
23 Fri Feb 2024	23.00	23.80	24.15	22.90	1.63 times

Stock of Mohit Industries (MOHITIND) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.9, but if it comes above 20.9, then a intra day buy could be more profitable.
If you take a sell trade below 20.9, then use 20.9 as stoploss and 19.6 as target. However if you take a buy trade in stock , then use 20.9 as stoploss and 22.03 as target.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	16.50
Downside Target	17.05
Downside Target	19.00
Downside Target	19.75
Upside Target	21.00
Upside Target	22.80
Upside Target	23.00
Upside Target	23.80
Upside Target	23.95
Upside Target	24.40
Upside Target	24.80
Upside Target	24.85

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	19.27
Downside Intraday Target	18.28
Upside Intraday Target	22.02
Upside Intraday Target	23.78
Upside Intraday Target	21.03

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	20.25	21.50	22.80	20.05	1.001 times
02 Sat Mar 2024	22.05	23.00	23.80	21.00	0.289 times
23 Fri Feb 2024	23.00	21.95	24.40	21.15	2.085 times
16 Fri Feb 2024	21.95	22.75	22.80	19.75	0.88 times
09 Fri Feb 2024	21.70	23.95	23.95	21.35	0.358 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
06 Wed Mar 2024	20.25	21.95	23.00	20.05	0.136 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
29 Fri Dec 2023	17.40	17.65	19.20	16.50	1.16 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Strong 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Mohit Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 21.77 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.