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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 2024-05-18 View latest technical analysis

10 day averaged volume of Mohit Industries is 23160

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	21.80	21.40	21.90	21.00	0.135 times
17 Fri May 2024	21.40	21.20	21.95	20.65	0.781 times
16 Thu May 2024	21.20	22.55	22.55	21.05	0.596 times
15 Wed May 2024	21.90	22.80	22.80	21.40	1.114 times
14 Tue May 2024	22.15	21.50	22.50	21.45	0.559 times
13 Mon May 2024	21.35	22.95	22.95	20.85	1.014 times
10 Fri May 2024	22.25	22.45	23.45	22.15	0.991 times
09 Thu May 2024	22.20	22.95	22.95	22.05	0.842 times
08 Wed May 2024	22.80	22.40	23.40	22.00	1.953 times
07 Tue May 2024	22.40	23.45	23.45	22.30	0.456 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 21.7 as stoploss in an intra day buy trade for a target of 22.2. However, stock will show a bearish move below 21.7.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	17.05
Downside Target	18.35
Downside Target	19.75
Downside Target	20.65
Downside Target	21.30
Upside Target	22.00
Upside Target	22.80
Upside Target	23.60
Upside Target	24.20
Upside Target	24.80
Upside Target	24.85

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	20.65
Downside Intraday Target	19.5
Upside Intraday Target	22.95
Upside Intraday Target	24.1
Downside Intraday Target	21.8

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	21.80	22.95	22.95	20.65	0.707 times
10 Fri May 2024	22.25	22.15	23.60	22.00	0.921 times
03 Fri May 2024	22.30	22.65	23.20	21.50	0.398 times
26 Fri Apr 2024	22.45	22.00	24.20	21.30	5.502 times
19 Fri Apr 2024	22.00	21.90	22.80	21.55	0.398 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
18 Sat May 2024	21.80	22.55	23.60	20.65	0.32 times
30 Tue Apr 2024	22.55	18.35	24.20	18.35	1.756 times
28 Thu Mar 2024	18.95	21.95	23.00	17.10	0.377 times
29 Thu Feb 2024	21.45	24.40	24.80	19.75	0.382 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 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 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 Mohit Industries stock for short term is BUY. 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

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 22.06 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.