DOMS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of DOMS Industries Ltd.

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹2,505) and 200 DMA (₹2,509), confirming a bullish structure.

RSI at 57.0 is neutral-to-bullish, indicating steady momentum.

MACD at 47.4 shows a strong positive crossover, reinforcing bullish sentiment.

📈 Technical Indicators

Moving Averages

Price (₹2,602) > 50 DMA (₹2,505) ≈ 200 DMA (₹2,509): Golden crossover confirmed

RSI (57.0)

Neutral zone, leaning bullish. Room for further upside.

MACD (47.4)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near middle band, suggesting consolidation with breakout potential.

Volume Trends

Current volume (35K) < 1-week average (56K): Low participation

Indicates consolidation phase, awaiting fresh buying interest.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and price above key moving averages support continued upside.

RSI suggests healthy momentum without overbought pressure.

DII inflows (+0.42%) add to sentiment despite FII outflows.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 2,505 50 DMA, short-term base

Support 2 2,400 Previous swing low

Resistance 1 2,700 Minor psychological barrier

Resistance 2 2,850 Recent swing high

Resistance 3 3,115 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹2,500–₹2,550 (on dips near support)

Exit Zone: ₹2,850–₹3,115 (partial profit booking)

Aggressive Target: ₹3,250+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD and RSI

Outlook: Favorable for swing trades; breakout above ₹2,700 could trigger next rally

Valuation: High P/E (80.5) vs industry (30.0), but strong ROE/ROCE, low debt, and improving profits support continued technical strength

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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