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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)

10 day averaged volume of Damoindus is 11893

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	53.06	51.87	54.39	50.20	0.658 times
19 Fri Apr 2024	51.87	51.59	52.25	51.00	0.255 times
18 Thu Apr 2024	52.29	50.50	54.50	48.59	1.052 times
16 Tue Apr 2024	49.96	48.35	51.99	48.30	0.197 times
15 Mon Apr 2024	49.21	50.06	50.70	48.55	0.666 times
12 Fri Apr 2024	51.45	52.16	54.00	50.99	0.751 times
10 Wed Apr 2024	53.16	54.83	54.83	50.75	0.551 times
09 Tue Apr 2024	53.75	49.10	54.45	49.10	2.584 times
08 Mon Apr 2024	49.20	48.36	49.65	48.36	0.487 times
05 Fri Apr 2024	49.11	47.99	50.30	47.65	1.625 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 51.9, but if it comes below 51.9, then a intra day sell could be more profitable.
If you take a sell trade below 51.9, then use 51.9 as stoploss and 48.24 as target. However if you take a buy trade in stock , then use 51.9 as stoploss and 56.3 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.15
Downside Target	43.21
Downside Target	45.10
Downside Target	46.15
Downside Target	47.55
Downside Target	50.20
Downside Target	51.50
Upside Target	54.39
Upside Target	54.50
Upside Target	54.83
Upside Target	56.95
Upside Target	65.56
Upside Target	68.05

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	50.71
Downside Intraday Target	48.36
Upside Intraday Target	54.9
Upside Intraday Target	56.74
Downside Intraday Target	52.55

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	53.06	51.87	54.39	50.20	0.303 times
19 Fri Apr 2024	51.87	50.06	54.50	48.30	0.496 times
12 Fri Apr 2024	51.45	48.36	54.83	48.36	1.092 times
05 Fri Apr 2024	49.11	43.55	50.30	43.21	1.358 times
28 Thu Mar 2024	41.36	45.00	46.15	41.15	1.707 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
22 Mon Apr 2024	53.06	43.55	54.83	43.21	1.526 times
28 Thu Mar 2024	41.36	54.99	56.95	41.15	0.18 times
29 Thu Feb 2024	54.35	57.05	68.05	51.50	0.836 times
31 Wed Jan 2024	56.28	50.24	65.56	47.55	4.551 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Damoindus in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 moving up

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 51.71 and Damoindus (Damoindus) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Damoindus (Damoindus) stock. Volume based technical analysis of Damoindus (Damoindus) stock is negative.

Damoindus Stock is giving positive 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.