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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 6364

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	53.82	55.44	56.70	52.20	4.165 times
02 Thu May 2024	53.95	54.05	54.05	53.10	0.229 times
30 Tue Apr 2024	52.89	52.45	55.15	51.75	1.788 times
29 Mon Apr 2024	51.54	51.60	52.99	51.00	0.128 times
26 Fri Apr 2024	51.54	56.20	56.20	51.54	0.075 times
25 Thu Apr 2024	51.94	52.20	53.11	51.02	0.432 times
24 Wed Apr 2024	52.37	53.35	54.80	51.61	3.383 times
23 Tue Apr 2024	53.35	54.90	54.90	52.05	0.292 times
22 Mon Apr 2024	53.06	51.87	54.39	50.20	1.23 times
19 Fri Apr 2024	51.87	51.59	52.25	51.00	0.477 times

Stock of Damoindus (Damoindus) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 53.4, but if it comes below 53.4, then a intra day sell could be more profitable.
If you take a sell trade below 53.4, then use 53.4 as stoploss and 51.55 as target. However if you take a buy trade in stock , then use 53.4 as stoploss and 55.7 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.15
Downside Target	43.21
Downside Target	47.55
Downside Target	50.20
Upside Target	54.50
Upside Target	56.20
Upside Target	56.70
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	50.98
Downside Intraday Target	48.14
Upside Intraday Target	56.68
Upside Intraday Target	59.54
Upside Intraday Target	53.84

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	53.82	51.60	56.70	51.00	1.166 times
26 Fri Apr 2024	51.54	51.87	56.20	50.20	1.334 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

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
03 Fri May 2024	53.82	54.05	56.70	52.20	0.163 times
30 Tue Apr 2024	52.89	43.55	56.20	43.21	1.97 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

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 neutral. A longer time frame might give a better analysis.

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

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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 53.02 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.