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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 2024-06-05 View latest technical analysis

10 day averaged volume of Mohit Industries is 19942

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	20.20	20.05	20.75	19.00	1.072 times
04 Tue Jun 2024	19.65	20.95	21.00	19.25	1.699 times
03 Mon Jun 2024	20.50	21.85	21.85	20.00	1.017 times
31 Fri May 2024	19.95	20.30	20.40	19.50	0.714 times
30 Thu May 2024	20.05	21.90	21.90	19.30	1.114 times
29 Wed May 2024	21.00	21.45	21.45	20.35	0.926 times
28 Tue May 2024	20.65	21.50	21.60	20.60	1.01 times
27 Mon May 2024	21.20	22.45	22.45	21.05	1.037 times
24 Fri May 2024	21.75	21.65	22.45	21.30	0.881 times
23 Thu May 2024	21.60	22.05	22.10	21.30	0.553 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.4, but if it comes above 20.4, then a intra day buy could be more profitable.
If you take a sell trade below 20.4, then use 20.4 as stoploss and 19.5 as target. However if you take a buy trade in stock , then use 20.4 as stoploss and 21.23 as target.

Share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Target	17.10
Downside Target	18.35
Downside Target	19.00
Downside Target	19.75
Upside Target	20.65
Upside Target	21.85
Upside Target	22.45
Upside Target	22.95
Upside Target	23.00
Upside Target	23.35
Upside Target	23.60
Upside Target	24.20
Upside Target	24.80

Intraday share price targets for Mohit Industries (MOHITIND)

Target Type	Value
Downside Intraday Target	18.85
Downside Intraday Target	17.5
Upside Intraday Target	21.7
Upside Intraday Target	23.2
Upside Intraday Target	20.35

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	20.20	21.85	21.85	19.00	0.789 times
31 Fri May 2024	19.95	22.45	22.45	19.30	1.439 times
24 Fri May 2024	21.75	21.80	23.35	21.00	0.684 times
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

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
05 Wed Jun 2024	20.20	21.85	21.85	19.00	0.177 times
31 Fri May 2024	19.95	22.55	23.60	19.30	0.518 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

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 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 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 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 Weak and stock is gaining momentum.

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

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 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 but selling 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 20.54 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.