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(MOHITIND_BE) Mohit Industries complete technical analysis [charts+indicators] | Buy/Sell Mohit Industries | (MOHITIND_BE) share price targets

Complete technical analysis of Mohit Industries (MOHITIND_BE) by charts plus indicators, forecast predictions and share price targets for Mohit Industries (MOHITIND_BE)

Showing technical analysis as on 2024-08-08 View latest technical analysis

10 day averaged volume of Mohit Industries is 19123

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	26.22	27.00	27.00	25.71	0.307 times
07 Wed Aug 2024	25.86	26.50	26.50	25.49	0.543 times
06 Tue Aug 2024	25.98	26.55	26.99	25.00	0.488 times
05 Mon Aug 2024	26.03	26.25	27.00	25.90	0.973 times
02 Fri Aug 2024	27.21	26.55	27.50	26.55	0.86 times
01 Thu Aug 2024	27.35	27.00	27.90	27.00	1.1 times
31 Wed Jul 2024	27.20	28.01	28.01	27.01	1.311 times
30 Tue Jul 2024	27.48	26.55	28.20	26.55	2.093 times
29 Mon Jul 2024	27.72	28.96	28.96	26.56	1.048 times
26 Fri Jul 2024	27.89	29.00	29.00	27.49	0.901 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.5, but if it comes above 26.5, then a intra day buy could be more profitable.
If you take a sell trade below 26.5, then use 26.5 as stoploss and 25.4 as target. However if you take a buy trade in stock , then use 26.5 as stoploss and 27.45 as target.

Share price targets for Mohit Industries (MOHITIND_BE)

Target Type	Value
Downside Target	12.05
Downside Target	17.00
Downside Target	18.60
Downside Target	20.00
Downside Target	25.00
Downside Target	25.60
Upside Target	26.55
Upside Target	28.96
Upside Target	29.00
Upside Target	29.08
Upside Target	29.80
Upside Target	31.50
Upside Target	33.00

Intraday share price targets for Mohit Industries (MOHITIND_BE)

Target Type	Value
Downside Intraday Target	25.15
Downside Intraday Target	24.07
Upside Intraday Target	27.15
Upside Intraday Target	28.07
Downside Intraday Target	26.07

Weekly technical analysis of Mohit Industries (MOHITIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	26.22	26.25	27.00	25.00	0.36 times
02 Fri Aug 2024	27.21	28.96	28.96	26.55	1.328 times
26 Fri Jul 2024	27.89	27.50	29.00	25.60	1.632 times
19 Fri Jul 2024	27.77	28.77	29.80	27.50	0.359 times
12 Fri Jul 2024	28.77	31.00	31.50	28.01	0.363 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	26.22	27.00	27.90	25.00	0.099 times
31 Wed Jul 2024	27.20	30.00	31.50	25.60	4.987 times
28 Fri Jun 2024	29.09	30.10	33.00	29.08	4.899 times
06 Mon Nov 2023	18.10	17.85	18.60	17.00	0.088 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_BE)

Price action analysis of Mohit Industries ( (MOHITIND_BE) ) 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_BE) ) 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_BE) ) 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 SELL. Signal strength is Strong and stock is losing 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 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 27.11 and Mohit Industries (MOHITIND_BE) 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_BE) stock. Volume based technical analysis of Mohit Industries (MOHITIND_BE) 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.