Free Point and Figure charts Damodar Industries Ltd DAMODARIND_BE share NSE Stock Exchange

Stock DAMODARIND_BE - Share Damodar Industries Ltd trades in NSE

Daily Support: 44.6
Daily Resistance: 46.9
5 Day Moving Average is 48.29
20 Day Moving Average is 48.66

If a stock is trading above it's 5 day and 20 day moving averages, it's considered good for a trade! The support & resistance points are valid for intra day.

Also take a look at technical analysis reports for more details like moving averages, support and resistance.

Date	Change	Open	Close	High	Low	Volume
Mon 11 Oct 2021	-4.78%	46.25	45.80	48.00	45.70	2.05 times
Fri 08 Oct 2021	-0.72%	49.85	48.10	49.85	46.75	0.16 times
Thu 07 Oct 2021	-1.32%	49.95	48.45	49.95	48.05	0.2 times
Wed 06 Oct 2021	-1.8%	48.10	49.10	50.00	47.80	0.43 times
Tue 05 Oct 2021	4.6%	48.25	50.00	50.15	47.10	0.45 times
Mon 04 Oct 2021	-0.31%	49.00	47.80	49.00	46.20	0.12 times
Fri 01 Oct 2021	2.35%	48.50	47.95	49.15	44.60	0.65 times
Thu 30 Sep 2021	2.85%	46.90	46.85	46.90	45.75	0.17 times
Wed 29 Sep 2021	-0.98%	46.90	45.55	47.00	44.75	0.06 times
Tue 28 Sep 2021	-0.22%	45.90	46.00	46.10	44.85	0.2 times

Point & Figure Charts for Damodar Industries Ltd DAMODARIND_BE

Point and Figure charts are best suited to find trend and reversal points of a stock.

Point & Figure charts can be used by long term investors, or even by short term swing traders. All you have to do is switch the Point & Figure BOX setting and Point & Figure Reversal settings below for Damodar Industries Ltd DAMODARIND_BE and you are good to go!

A swing trader can use 1% of the stocks current price as Point & Figure BOX, and the default 3 box as Reversal

A long term investor would be more comfortable with 2% to 5% Point and Figure BOX setting, and either 3 Box as Reversal, or 5 Box as Reversal

At MunafaSutra.com I use at least 250 data points to draw Point and Figure charts of Damodar Industries Ltd DAMODARIND_BE stock.