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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 2024-03-20 View latest technical analysis

10 day averaged volume of Mohit Industries is 29858

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	19.45	19.45	20.05	19.05	0.25 times
19 Tue Mar 2024	19.30	19.90	19.90	19.05	0.402 times
18 Mon Mar 2024	19.30	19.95	19.95	18.90	0.224 times
15 Fri Mar 2024	18.60	19.80	19.80	18.20	0.599 times
14 Thu Mar 2024	18.15	17.50	18.85	17.10	0.275 times
13 Wed Mar 2024	18.00	19.50	19.50	17.85	0.967 times
12 Tue Mar 2024	19.70	20.90	21.00	19.15	0.949 times
11 Mon Mar 2024	20.85	20.85	21.35	20.60	0.414 times
07 Thu Mar 2024	20.40	20.75	20.80	19.55	1.868 times
06 Wed Mar 2024	20.25	22.50	22.50	20.05	3.552 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 19.2 as stoploss in an intra day buy trade for a target of 20.96. However, stock will show a bearish move below 19.2.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	16.50
Downside Target	17.05
Downside Target	18.90
Upside Target	21.00
Upside Target	21.15
Upside Target	21.35
Upside Target	22.80
Upside Target	23.00
Upside Target	23.80
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	18.88
Downside Intraday Target	18.32
Upside Intraday Target	20.03
Upside Intraday Target	20.62
Upside Intraday Target	19.47

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	19.45	19.95	20.05	18.90	0.273 times
15 Fri Mar 2024	18.60	20.85	21.35	17.10	0.492 times
07 Thu Mar 2024	20.40	21.50	22.80	19.55	1.403 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

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 Mohit Industries (MOHITIND)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	19.45	21.95	23.00	17.10	0.279 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 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 Mohit Industries ( (MOHITIND) ) 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 Mohit Industries ( (MOHITIND) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mohit Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mohit Industries 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.77 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.