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(POWERMECH) Power Mech complete technical analysis [charts+indicators] | Buy/Sell Power Mech | (POWERMECH) share price targets

Complete technical analysis of Power Mech (POWERMECH) by charts plus indicators, forecast predictions and share price targets for Power Mech (POWERMECH)

Showing technical analysis as on 2024-07-23 View latest technical analysis

10 day averaged volume of Power Mech is 155247

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	6112.10	6198.00	6290.00	5836.50	1.037 times
22 Mon Jul 2024	6098.00	6035.60	6189.95	5922.10	0.513 times
19 Fri Jul 2024	6047.40	6020.05	6118.00	5876.15	1.248 times
18 Thu Jul 2024	6034.00	5974.00	6080.00	5859.85	1.006 times
16 Tue Jul 2024	5943.55	5868.65	5970.00	5865.00	0.434 times
15 Mon Jul 2024	5848.90	5850.85	5971.95	5650.00	0.716 times
12 Fri Jul 2024	5785.05	5513.25	5825.00	5513.25	1.477 times
11 Thu Jul 2024	5510.85	5289.50	5650.00	5255.70	1.647 times
10 Wed Jul 2024	5253.25	5189.00	5438.00	4951.10	1.984 times
09 Tue Jul 2024	5122.20	4898.95	5224.00	4898.90	0.685 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5841.6, but if it comes below 5841.6, then a intra day sell could be more profitable.
If you take a sell trade below 5841.6, then use 5841.6 as stoploss and 5360.83 as target. However if you take a buy trade in stock , then use 5841.6 as stoploss and 6418.5 as target.

Share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Target	4347.75
Downside Target	4601.00
Downside Target	4830.00
Downside Target	5084.35
Downside Target	5188.75
Downside Target	5482.80
Downside Target	5650.00
Downside Target	5825.00
Downside Target	5836.50
Upside Target	6118.00
Upside Target	6290.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	5869.07
Downside Intraday Target	5626.03
Upside Intraday Target	6322.57
Upside Intraday Target	6533.03
Downside Intraday Target	6079.53

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	6112.10	6035.60	6290.00	5836.50	0.455 times
19 Fri Jul 2024	6047.40	5850.85	6118.00	5650.00	0.56 times
12 Fri Jul 2024	5785.05	4925.00	5825.00	4830.00	5.845 times
05 Fri Jul 2024	4930.35	4921.00	5084.35	4872.00	1.24 times
28 Fri Jun 2024	4944.45	4974.00	5188.75	4909.20	0.872 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Power Mech (POWERMECH)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	6112.10	4921.00	6290.00	4830.00	1.488 times
28 Fri Jun 2024	4944.45	5004.95	5380.00	4347.75	1.729 times
31 Fri May 2024	4634.05	5280.00	5280.00	4601.00	1.261 times
30 Tue Apr 2024	5243.90	5059.00	5482.80	4928.50	0.814 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Power Mech (POWERMECH)

Price action analysis of Power Mech ( (POWERMECH) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Power Mech ( (POWERMECH) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Power Mech ( (POWERMECH) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Power Mech stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Power Mech in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Power Mech Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Power Mech in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Power Mech is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5713.49 and Power Mech (POWERMECH) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Power Mech (POWERMECH) stock. Volume based technical analysis of Power Mech (POWERMECH) stock is negative.

Power Mech Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.