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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 2024-07-29 View latest technical analysis

10 day averaged volume of Power Mech is 114997

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	6386.90	6324.95	6480.00	6265.10	0.26 times
26 Fri Jul 2024	6275.10	6415.00	6470.10	6260.00	0.252 times
25 Thu Jul 2024	6407.80	6428.05	6496.40	6364.05	0.291 times
24 Wed Jul 2024	6456.20	6168.00	6501.00	6122.05	0.777 times
23 Tue Jul 2024	6112.10	6198.00	6290.00	5836.50	1.399 times
22 Mon Jul 2024	6098.00	6035.60	6189.95	5922.10	0.692 times
19 Fri Jul 2024	6047.40	6020.05	6118.00	5876.15	1.685 times
18 Thu Jul 2024	6034.00	5974.00	6080.00	5859.85	1.358 times
16 Tue Jul 2024	5943.55	5868.65	5970.00	5865.00	0.586 times
15 Mon Jul 2024	5848.90	5850.85	5971.95	5650.00	0.966 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6217.7, but if it comes below 6217.7, then a intra day sell could be more profitable.
If you take a sell trade below 6217.7, then use 6217.7 as stoploss and 5642.56 as target. However if you take a buy trade in stock , then use 6217.7 as stoploss and 6907.9 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	5249.90
Downside Target	5650.00
Downside Target	5825.00
Downside Target	5836.50
Downside Target	6118.00
Downside Target	6265.10
Upside Target	6480.00
Upside Target	6501.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	6274.67
Downside Intraday Target	6162.43
Upside Intraday Target	6489.57
Upside Intraday Target	6592.23
Downside Intraday Target	6377.33

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	6386.90	6324.95	6480.00	6265.10	0.076 times
26 Fri Jul 2024	6275.10	6035.60	6501.00	5836.50	0.742 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

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
29 Mon Jul 2024	6386.90	4921.00	6501.00	4830.00	1.632 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, and volume has increased substantially. This means that the move can 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

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6098.5 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.