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Price and trend forecast of DOMS for Tomorrow, Weekly, Monthly

DOMS INDUSTRIES LIMITED

Symbol: NSE:DOMS

ISIN: N/A

1,698.05

As on 2024-04-12

1,225.60 (52W Low) 1,760.00 (52W High)

DOMS's Today's Performance

DOMS INDUSTRIES LIMITED started the day by opening at 1,750.00 today 2024-04-12. Its shares reached a high of 1,760.00 and dipped to a low of 1,690.00 in intraday. When the markets closed, DOMS’s stock price settled at ₹1,698.05 per share. Also check out its key support and resistance levels.

DOMS Buy/Sell Targets

Tomorrow, sell DOMS when its price reaches ₹ 1,698.05 with a stop-loss order at ₹ 1,734.99. You can set the target price as ₹ 1,661.11 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of DOMS for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for DOMS

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,742
Tomorrow Resistance 2 1,786
Tomorrow Resistance 3 1,812

Important Supports for DOMS

Support Levels Value in ₹
Tomorrow Support 1 1,672
Tomorrow Support 2 1,646
Tomorrow Support 3 1,602
Based on where the stock opens tomorrow, if DOMS opens on a positive note, our first target will be ₹1,742. If Target 1 is achieved, we will aim for Target 2 which is ₹1,786.

But if DOMS falls below the average value of ₹1,716.02, you can enter a sell side position with target number 1 - ₹1,672 and second target - ₹1,646 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of DOMS

Looking at DOMS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, DOMS has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DOMS is moderate bullish.

Tomorrow's Volume based share price Forecast for DOMS

DOMS's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 1074%.

Reversal detection for DOMS

Predicted trend chart of DOMS tomorrow for price forecast
DOMS may trend may continue to be bearish since stock is making lower low and we can get target of ₹1728 in morning tomorrow
Target 1 tomorrow1743
Target 2 tomorrow1759
Target 3 tomorrow1786
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with DOMS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if DOMS opens on a positive note, our first target will be ₹1,742.03. If Target 1 is achieved, we will aim for Target 2 which is ₹1,786.02.

But if DOMS falls below the average value of ₹1,716.02, you can enter a sell side position with target number 1 - ₹1,672.03 and second target - ₹1,646.02

DOMS's Weekly Targets
1st Up Target 1,754.07
2nd Up Target 1,810.08
1st Down Target 1,647.97
2nd Down Target 1,597.88

As the week for DOMS ended on bullish sentiments, we can expect further continuation of this sentiment. DOMS's initial target will be 1,754.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,647.97 in the upcoming week.

Weekly OHLC Values
Open 1,693.00
High 1,760.00
Low 1,653.90
Close 1,698.05

Week for DOMS started with an open price of 1,693.00, and the close was at 1,698.05. DOMS reached the highest of 1,760.00 and dipped lowest up to 1,653.90 last week. This indicates a bullish sentiment for the week.

DOMS full month swing targets
Monthly Up Target 1 1,860.17
Monthly Up Target 2 1,916.18
Monthly Down Target 1 1,541.87
Monthly Down Target 2 1,385.68

Targets of ₹1,860.17 can be expected to be reached in the coming month. Once DOMS achieved this target, we can aim for the next upside target of ₹1,916.18.

DOMS if fails to hold upside, down targets of ₹1,541.87 and ₹1,385.68 can be achieved by end of this month.

For complete three weeks if DOMS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

DOMS is expected to reach the target of 1,742.03 in tomorrow's trading session.

After achieving the initial target in DOMS, we will aim for higher targets of 1,786.02 tomorrow.

However, if DOMS starts to trade below ₹1,716.02, then we will shift our focus to the sell side and aim for down targets of 1,672.03 and 1,646.02.