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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 2024-06-06 View latest technical analysis

10 day averaged volume of Mohit Industries is 19987

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	20.95	20.15	21.10	20.15	0.657 times
05 Wed Jun 2024	20.20	20.05	20.75	19.00	1.069 times
04 Tue Jun 2024	19.65	20.95	21.00	19.25	1.695 times
03 Mon Jun 2024	20.50	21.85	21.85	20.00	1.014 times
31 Fri May 2024	19.95	20.30	20.40	19.50	0.712 times
30 Thu May 2024	20.05	21.90	21.90	19.30	1.112 times
29 Wed May 2024	21.00	21.45	21.45	20.35	0.924 times
28 Tue May 2024	20.65	21.50	21.60	20.60	1.007 times
27 Mon May 2024	21.20	22.45	22.45	21.05	1.035 times
24 Fri May 2024	21.75	21.65	22.45	21.30	0.879 times

My analysis of stock is bearish for shortterm, and stock might move down till 20.4 or till 19.5. Use a stoploss of 21.17 and if the stock hits stoploss, then it can shoot up till 21.93

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
Downside 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	19.35
Downside Intraday Target	17.75
Upside Intraday Target	22.2
Upside Intraday Target	23.45
Downside Intraday Target	20.6

Weekly technical analysis of Mohit Industries (MOHITIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	20.95	21.85	21.85	19.00	0.926 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
06 Thu Jun 2024	20.95	21.85	21.85	19.00	0.208 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 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 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 Weak 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mohit Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 20.51 and Mohit Industries (MOHITIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.