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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 10881

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	52.29	50.50	54.50	48.59	1.15 times
16 Tue Apr 2024	49.96	48.35	51.99	48.30	0.215 times
15 Mon Apr 2024	49.21	50.06	50.70	48.55	0.728 times
12 Fri Apr 2024	51.45	52.16	54.00	50.99	0.821 times
10 Wed Apr 2024	53.16	54.83	54.83	50.75	0.603 times
09 Tue Apr 2024	53.75	49.10	54.45	49.10	2.824 times
08 Mon Apr 2024	49.20	48.36	49.65	48.36	0.532 times
05 Fri Apr 2024	49.11	47.99	50.30	47.65	1.776 times
04 Thu Apr 2024	49.22	47.61	49.85	46.75	2.002 times
03 Wed Apr 2024	47.24	44.96	47.50	44.96	0.436 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, but if it comes below 51, then a intra day sell could be more profitable.
If you take a sell trade below 51, then use 51 as stoploss and 47.58 as target. However if you take a buy trade in stock , then use 51 as stoploss and 55.1 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.15
Downside Target	43.21
Downside Target	44.46
Downside Target	46.15
Downside Target	47.55
Downside Target	50.30
Downside Target	51.50
Upside Target	54.45
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	48.89
Downside Intraday Target	45.5
Upside Intraday Target	55.09
Upside Intraday Target	57.9
Downside Intraday Target	51.7

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	52.29	50.06	54.50	48.30	0.438 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
22 Fri Mar 2024	46.20	48.01	48.01	44.46	0.974 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
18 Thu Apr 2024	52.29	43.55	54.83	43.21	1.402 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, 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 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 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 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 but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Damoindus 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. Bulls are getting tired and bears 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 Damoindus in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 50.99 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.