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

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

Showing technical analysis as on 2024-10-28 View latest technical analysis

10 day averaged volume of Damoindus is 6054

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	42.70	41.46	43.55	41.46	0.858 times
25 Fri Oct 2024	42.52	43.16	44.90	41.70	2.151 times
24 Thu Oct 2024	42.42	42.43	43.55	42.24	0.205 times
23 Wed Oct 2024	42.53	42.60	43.05	41.71	0.861 times
22 Tue Oct 2024	42.05	46.99	46.99	42.05	1.609 times
21 Mon Oct 2024	43.86	43.56	46.95	43.51	2.083 times
18 Fri Oct 2024	43.39	45.17	46.00	43.19	0.382 times
17 Thu Oct 2024	45.17	44.99	48.00	43.01	2.286 times
16 Wed Oct 2024	45.27	45.58	46.59	45.05	0.201 times
15 Tue Oct 2024	45.12	44.39	46.07	44.20	0.115 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.8, but if it comes above 42.8, then a intra day buy could be more profitable.
If you take a sell trade below 42.8, then use 42.8 as stoploss and 41.4 as target. However if you take a buy trade in stock , then use 42.8 as stoploss and 44.03 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.09
Upside Target	43.01
Upside Target	44.90
Upside Target	46.55
Upside Target	47.10
Upside Target	48.00
Upside Target	53.10
Upside Target	54.79
Upside Target	54.99
Upside Target	55.00

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	41.59
Downside Intraday Target	40.48
Upside Intraday Target	43.68
Upside Intraday Target	44.66
Downside Intraday Target	42.57

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	42.70	41.46	43.55	41.46	0.124 times
25 Fri Oct 2024	42.52	43.56	46.99	41.70	2.236 times
18 Fri Oct 2024	43.39	44.99	48.00	43.01	1.228 times
11 Fri Oct 2024	44.25	45.02	45.38	42.00	2.184 times
03 Thu Oct 2024	44.16	46.28	47.10	43.40	0.232 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 Damoindus (Damoindus)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	42.70	46.27	48.00	41.46	0.881 times
30 Mon Sep 2024	45.56	48.01	54.79	44.90	0.798 times
30 Fri Aug 2024	48.55	50.90	53.10	46.55	0.762 times
31 Wed Jul 2024	50.41	51.09	55.00	48.00	1.285 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 Damoindus (Damoindus)

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

MACD generated a SELL signal for Damoindus 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.

Damoindus 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 SELL signal for Damoindus in short term and SELL signal is strong!

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 Damoindus is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.4 and Damoindus (Damoindus) 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 Damoindus (Damoindus) stock. Volume based technical analysis of Damoindus (Damoindus) stock is negative.

Damoindus 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.