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

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

10 day averaged volume of Damodar Industries is 30355

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 49.65 51.00 51.00 48.60 0.672 times
16 Thu May 2024 49.90 51.25 51.25 49.70 0.484 times
15 Wed May 2024 50.05 51.00 51.15 49.65 0.598 times
14 Tue May 2024 49.85 50.55 50.85 49.60 0.601 times
13 Mon May 2024 49.50 51.65 51.70 48.65 1.581 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50, but if it comes above 50, then a intra day buy could be more profitable.
If you take a sell trade below 50, then use 50 as stoploss and 48.3 as target. However if you take a buy trade in stock , then use 50 as stoploss and 51.5 as target.

Share price targets for Damodar Industries (DAMODARIND)

Target Type Value
Downside Target 41.10
Downside Target 42.95
Downside Target 47.55
Downside Target 48.60
Upside Target 50.35
Upside Target 52.90
Upside Target 54.75
Upside Target 56.00
Upside Target 56.75
Upside Target 57.50
Upside Target 65.65
Upside Target 68.60

Intraday share price targets for Damodar Industries (DAMODARIND)

Target Type Value
Downside Intraday Target 48.27
Downside Intraday Target 46.88
Upside Intraday Target 51.37
Upside Intraday Target 53.08
Upside Intraday Target 49.98

Weekly technical analysis of Damodar Industries (DAMODARIND)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 49.65 51.65 51.70 48.60 0.649 times
10 Fri May 2024 50.30 56.00 56.00 49.05 0.575 times
03 Fri May 2024 54.25 51.05 56.75 51.00 1.649 times
26 Fri Apr 2024 51.85 51.00 54.75 50.35 1.738 times
19 Fri Apr 2024 51.00 50.60 52.90 47.55 0.364 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 Damodar Industries (DAMODARIND)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 49.65 54.40 56.75 48.60 0.539 times
30 Tue Apr 2024 53.15 43.80 54.80 42.95 1.402 times
28 Thu Mar 2024 41.70 53.70 57.50 41.10 0.237 times
29 Thu Feb 2024 53.70 57.95 68.60 51.35 0.718 times

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 Damodar Industries (DAMODARIND)

Indicator Name Indicator Value Indicator Signal
ADX 16, 16, 0 Sell
MACD -0, -0Sell
Stochastics 16Sell
CCI -84Sell
RSI 49Sell
OBV 207858Sell
VWAP 51Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Damodar Industries ( (DAMODARIND) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Damodar Industries ( (DAMODARIND) ) 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 Damodar Industries ( (DAMODARIND) ) 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 Damodar Industries ( (DAMODARIND) ) 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 Damodar Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Damodar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Damodar Industries in short term and SELL signal is strong!

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 Damodar 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 50.58 and Damodar Industries (DAMODARIND) 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 Damodar Industries (DAMODARIND) stock. Volume based technical analysis of Damodar Industries (DAMODARIND) stock is negative.

Damodar 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.

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