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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 2023-03-21 View latest technical analysis

10 day averaged volume of Damoindus is 11749

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	41.69	42.95	44.99	41.15	0.169 times
20 Mon Mar 2023	42.25	43.11	44.89	41.00	0.11 times
17 Fri Mar 2023	44.10	43.90	46.94	42.80	0.243 times
16 Thu Mar 2023	42.56	43.50	43.55	42.03	0.31 times
15 Wed Mar 2023	43.74	43.65	45.70	43.15	0.556 times
14 Tue Mar 2023	43.00	43.46	48.40	42.10	4.186 times
13 Mon Mar 2023	42.77	45.08	45.08	42.70	0.027 times
10 Fri Mar 2023	45.00	44.65	46.05	43.45	3.36 times
09 Thu Mar 2023	44.42	45.50	45.51	44.10	1.084 times
08 Wed Mar 2023	44.93	45.40	45.45	44.35	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 42.9, but if it comes above 42.9, then a intra day buy could be more profitable.
If you take a sell trade below 42.9, then use 42.9 as stoploss and 40.8 as target. However if you take a buy trade in stock , then use 42.9 as stoploss and 44.73 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.00
Upside Target	42.03
Upside Target	43.00
Upside Target	44.99
Upside Target	48.40
Upside Target	50.10
Upside Target	51.00
Upside Target	54.90
Upside Target	59.65
Upside Target	60.55
Upside Target	66.65

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	40.13
Downside Intraday Target	38.57
Upside Intraday Target	44.12
Upside Intraday Target	46.55
Upside Intraday Target	42.56

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	41.69	43.11	44.99	41.00	0.052 times
17 Fri Mar 2023	44.10	45.08	48.40	42.03	1.164 times
10 Fri Mar 2023	45.00	44.30	46.05	43.45	0.705 times
03 Fri Mar 2023	45.26	46.00	51.00	43.00	9.384 times
24 Fri Feb 2023	46.85	47.75	48.80	45.75	0.693 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 Damoindus (Damoindus)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	41.69	45.00	51.00	41.00	3.463 times
28 Tue Feb 2023	44.45	50.15	54.90	44.00	0.459 times
31 Tue Jan 2023	51.90	51.20	60.55	50.10	1.028 times
30 Fri Dec 2022	50.50	57.50	59.65	46.70	0.417 times

Scroll below to view daily charts

Price has moved down 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 coming down

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 but selling 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 43.86 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.