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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 2023-09-15 View latest technical analysis

10 day averaged volume of Damoindus is 14016

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Sep 2023	52.92	49.55	53.80	49.55	1.142 times
14 Thu Sep 2023	50.13	49.50	51.30	49.33	0.509 times
13 Wed Sep 2023	49.85	49.50	57.00	48.00	0.371 times
12 Tue Sep 2023	47.99	52.36	53.10	47.32	0.312 times
11 Mon Sep 2023	51.80	53.35	53.65	51.65	0.715 times
08 Fri Sep 2023	52.83	53.10	54.50	51.30	1.75 times
07 Thu Sep 2023	52.59	53.25	53.30	52.25	0.353 times
06 Wed Sep 2023	52.18	51.65	52.70	51.05	0.303 times
05 Tue Sep 2023	51.82	53.09	54.00	50.90	2.008 times
04 Mon Sep 2023	52.27	49.95	54.85	49.50	3.358 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 50.03 as target. However if you take a buy trade in stock , then use 51.9 as stoploss and 54.2 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	38.00
Downside Target	39.11
Downside Target	43.09
Downside Target	44.95
Downside Target	47.01
Downside Target	48.50
Downside Target	49.90
Downside Target	50.00
Downside Target	51.35
Upside Target	54.85
Upside Target	57.00

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	47.83
Downside Intraday Target	42.73
Upside Intraday Target	57.51
Upside Intraday Target	62.09
Downside Intraday Target	52.41

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Sep 2023	52.92	53.35	57.00	47.32	0.392 times
08 Fri Sep 2023	52.83	49.95	54.85	49.50	8.943 times
01 Fri Sep 2023	49.31	48.00	50.00	47.01	0.278 times
25 Fri Aug 2023	48.12	45.20	51.35	44.95	2.305 times
18 Fri Aug 2023	45.67	49.39	49.39	43.85	0.434 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
15 Fri Sep 2023	52.92	47.50	57.00	47.20	1.285 times
31 Thu Aug 2023	48.08	47.60	51.35	43.85	0.882 times
31 Mon Jul 2023	47.36	44.00	49.90	43.09	1.56 times
30 Fri Jun 2023	44.32	41.35	48.50	39.11	1.968 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 but the sell 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 52.02 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.