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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 2024-01-22 View latest technical analysis

10 day averaged volume of Damoindus is 38951

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	59.22	62.00	62.40	58.10	0.094 times
19 Fri Jan 2024	61.22	59.99	62.45	56.43	0.352 times
18 Thu Jan 2024	56.41	54.88	57.94	54.40	0.17 times
17 Wed Jan 2024	55.87	54.80	58.00	54.37	0.222 times
16 Tue Jan 2024	55.48	56.50	59.11	55.00	0.472 times
15 Mon Jan 2024	57.88	60.15	61.40	57.70	0.12 times
12 Fri Jan 2024	58.48	58.70	60.90	58.11	0.103 times
11 Thu Jan 2024	59.60	61.75	63.00	59.20	0.399 times
10 Wed Jan 2024	60.33	62.00	62.65	56.70	0.831 times
09 Tue Jan 2024	61.04	65.49	65.49	60.53	1.589 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 60.2 as stoploss in an intra day sell trade for a target of 55.4. However, stock will show a bullish move above 60.2.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	45.10
Downside Target	47.55
Downside Target	51.00
Downside Target	54.00
Downside Target	55.90
Downside Target	57.00
Downside Target	58.10
Downside Target	58.79
Upside Target	62.40
Upside Target	62.45
Upside Target	65.56

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	57.41
Downside Intraday Target	55.61
Upside Intraday Target	61.71
Upside Intraday Target	64.21
Upside Intraday Target	59.91

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	59.22	62.00	62.40	58.10	0.07 times
19 Fri Jan 2024	61.22	60.15	62.45	54.37	0.154 times
12 Fri Jan 2024	58.48	58.94	65.56	56.70	2.458 times
05 Fri Jan 2024	57.44	50.24	58.79	47.55	10.728 times
29 Fri Dec 2023	49.65	49.90	51.00	48.05	0.366 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
22 Mon Jan 2024	59.22	50.24	65.56	47.55	4.158 times
29 Fri Dec 2023	49.65	49.05	54.45	45.10	1.258 times
30 Thu Nov 2023	49.05	49.99	54.00	48.66	0.627 times
31 Tue Oct 2023	49.68	48.60	55.90	45.80	0.657 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 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 losing 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 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Damoindus in short term but SELL signal is weak.

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 59.55 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 positive

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