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Damodar Industries Share Price Target - Tomorrow, Next Week & Next Month
Damodar Industries Limited | |||
 | Symbol: DAMODARIND | ||
| Price: ₹40.53 | |||
| Exchange: NSE | |||
| Consumer Cyclical -> Textile Manufacturing | |||
Show Table of Contents
Table of Contents
- 1: Damodar Industries Recent Performance
- 2: Chart: Damodar Industries Share Price Target - Tomorrow
- 3: Table: Damodar Industries Share Price Target - Tomorrow
- 4: Summary: Damodar Industries Share Price Prediction For Tomorrow
- 5: Chart: Damodar Industries Share Price Target - Next Week
- 6: Table: Damodar Industries Share Price Target - Next Week
- 7: Summary: Damodar Industries Share Price Prediction For Next Week
- 8: Chart: Damodar Industries Share Price Target - Next Month
- 9: Table: Damodar Industries Share Price Target - Next Month
- 10: Summary: Damodar Industries Share Price Prediction For Next Month
Damodar Industries Recent Performance
Over the past 23 trading days, the value of Damodar Industries's stock has decreased by ₹4.39 (-9.77%). On 17 Oct 2024, one share was worth ₹44.92 and by 21 Nov 2024, the value dropped to ₹40.53. During this period it created a highest high of ₹47.90 and lowest low of ₹38.46.
Below Image represents line chart of daily close price of Damodar Industries, helping you visualize how the price has changed day by day.
Chart: Damodar Industries Share Price Target - Tomorrow
The line chart displays the Damodar Industries daily closing prices for the past 23 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Damodar Industries shares for Thu 21 Nov 2024, see the table below.
Table: Damodar Industries Share Price Target - Tomorrow
By analyzing Damodar Industries stock with yesterday and past crucial price points and technical indicators we derived following targets for: Fri, 22 Nov, 2024!
| Damodar Industries's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 40.95 (+1.03%) | Price Action: May 2016 High |
| Tomorrow Target 2 | 40.45 (-0.2%) | Price Action: Oct 2021 Low |
| Tomorrow Target 1 | 39.90 (-1.56%) | Price Action: Dec 2016 High |
| Current Price | 40.53 | Damodar Industries's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 39.36 (-2.89%) | Price Action: Chart |
| Stop Loss 2 | 39.09 (-3.56%) | Price Action: 18 Nov 2024 Low |
| Stop Loss 3 | 38.84 (-4.17%) | Price Action: Chart |
Summary: Damodar Industries Share Price Prediction For Tomorrow
Thu 21 Nov 2024: Damodar Industries finished the day at ₹40.53, losing ₹-1.12 (-2.69%) in 1 day.
In summary, our analysis of Damodar Industries for tomorrow predicts a rise of -1.56% to 1.03% with three potential targets T1: ₹39.90, T2: ₹40.45, T3: ₹40.95 and Stop-Loss (SL) at SL1: ₹39.36, SL2: ₹39.09, SL3: ₹38.84.
Additionally, we've identified a support level at ₹39.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹41.98, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 23 trading days, the stock has dropped -9.77%, indicating it could be a good option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 47.90 and 38.46.
After looking at tomorrow's share price prediction, let's now check what next week might hold for Damodar Industries.
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Chart: Damodar Industries Share Price Target - Next Week
The chart displays the Damodar Industries weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for Damodar Industries shares for next week, see the table below.
Table: Damodar Industries Share Price Target - Next Week
By analyzing Damodar Industries stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
| Damodar Industries's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 41.75 (+3.01%) | Price Action: Jul 2022 Low |
| Next Week Target 2 | 41.30 (+1.89%) | Price Action: 12 Nov 2024 Low |
| Next Week Target 1 | 40.71 (+0.44%) | Price Action: 19 Nov 2024 Low |
| Current Price | 40.53 | Damodar Industries's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 39.09 (-3.56%) | Price Action: 18 Nov 2024 Low |
| Stop Loss 2 | 38.53 (-4.94%) | Fibonacci Retracement Level 98.6% |
| Stop Loss 3 | 38.05 (-6.12%) | Price Action: Aug 2021 Low |
Summary: Damodar Industries Share Price Prediction For Next Week
As of Thu 21 Nov 2024, Damodar Industries share price stands at ₹40.53, gaining ₹1.74 (+4.49%) in this week.
In summary, our analysis of Damodar Industries for next week predicts a rise of 0.44% to 3.01% with three potential targets T1: ₹40.71, T2: ₹41.30, T3: ₹41.75 and Stop-Loss (SL) at SL1: ₹39.09, SL2: ₹38.53, SL3: ₹38.05.
Additionally, we've identified a support level at ₹39.09 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹42.90, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Damodar Industries.
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Chart: Damodar Industries Share Price Target - Next Month
The chart displays the Damodar Industries monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Damodar Industries shares for next month, see the table below.
Table: Damodar Industries Share Price Target - Next Month
By analyzing Damodar Industries stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
| Damodar Industries's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 42.15 (+3.99%) | Price Action: 08 Nov 2024 Low |
| Next Month Target 2 | 41.73 (+2.96%) | Custom Fibonacci Extension Lvl 23.6% |
| Next Month Target 1 | 41.30 (+1.89%) | Price Action: 12 Nov 2024 Low |
| Current Price | 40.53 | Damodar Industries's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 39.00 (-3.78%) | Price Action: Apr 2017 Low |
| Stop Loss 2 | 38.59 (-4.79%) | Fibonacci Retracement Level 98.6% |
| Stop Loss 3 | 38.05 (-6.12%) | Price Action: Aug 2021 Low |
Summary: Damodar Industries Share Price Prediction For Next Month
As of Thu 21 Nov 2024, Damodar Industries share price stands at ₹40.53, losing ₹-3.47 (-7.89%) in this month.
In summary, our analysis of Damodar Industries for next month predicts a rise of 1.89% to 3.99% with three potential targets T1: ₹41.30, T2: ₹41.73, T3: ₹42.15 and Stop-Loss (SL) at SL1: ₹39.00, SL2: ₹38.59, SL3: ₹38.05.
Additionally, we've identified a support level at 39.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at 47.90, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Damodar Industries, we created a specific page for that check here: Damodar Industries Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on Damodar Industries short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Damodar Industries Share Price History
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Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
