DOMS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.4

Here’s a compact breakdown of DOMS Industries Ltd., with short-term signals and trade strategy based on chart metrics and momentum indicators

🔍 Trend Snapshot

Current Price: ₹2,370

Trading below both 50 DMA (₹2,457) and 200 DMA (₹2,516) → signaling short-term downtrend

Near-term bias is weak, suggesting continued pressure unless price reclaims key averages

📊 Momentum Indicators

RSI: 45.4

Sits in the neutral-to-weak zone, no strong reversal signal yet

MACD: -28.1

Deeply negative, highlighting bearish momentum

Volume: ₹79.5K vs avg ₹76K

Slight rise in volume but not enough to drive bullish breakout

💹 Moving Averages

Indicator Level (₹) Signal

50 DMA 2,457 Resistance zone

200 DMA 2,516 Major ceiling

Both moving averages currently act as resistance. Price needs to break above ₹2,460 to shift trend.

📎 Bollinger Bands

Price near lower band, indicating oversold but not extreme

Bands contracting, confirming consolidation phase with low volatility

📍 Optimal Trade Zones

Zone Type Range (₹) Strategy

Entry Zone 2,330–2,360 Accumulate with bounce signals near support

Resistance 2,460–2,520 Key levels to clear before bullish move

Exit Target 2,590–2,650 If upside breakout above 200 DMA occurs

Support Zone 2,290–2,310 Watch closely for breakdown

📌 Additional Observations

FII Hold ↓ 0.82% → foreign pressure, likely driving decline

DII Hold ↑ 0.42% → mild domestic confidence

Quarterly PAT contraction and high P/E (71.1) → signals valuation stress

Low debt (0.21) and strong ROCE (26.2%) → fundamentally resilient despite price weakness

PEG: 0.50 → decent growth vs valuation, may attract buyers on dips

🧭 Conclusion

DOMS is currently consolidating with mild bearish tone. MACD and RSI are soft, while price remains capped below moving averages. If volume strengthens and ₹2,460 is reclaimed, short-term reversal could unfold. Otherwise, ₹2,290–2,310 is the key support to watch for possible breakdown.

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