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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 2024-08-06 View latest technical analysis

10 day averaged volume of Power Mech is 57034

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	5540.95	5900.05	5995.00	5380.55	2.502 times
05 Mon Aug 2024	5726.95	5989.95	6049.00	5640.00	1.712 times
02 Fri Aug 2024	6051.15	6097.95	6132.90	5946.60	1.002 times
01 Thu Aug 2024	6132.85	6259.90	6280.20	6108.05	0.364 times
31 Wed Jul 2024	6197.00	6261.60	6289.00	6160.00	0.377 times
30 Tue Jul 2024	6245.95	6380.00	6429.20	6220.00	0.541 times
29 Mon Jul 2024	6386.90	6324.95	6480.00	6265.10	0.523 times
26 Fri Jul 2024	6275.10	6415.00	6470.10	6260.00	0.507 times
25 Thu Jul 2024	6407.80	6428.05	6496.40	6364.05	0.586 times
24 Wed Jul 2024	6456.20	6168.00	6501.00	6122.05	1.566 times

Stock of Power Mech (POWERMECH) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5595.8, but if it comes above 5595.8, then a intra day buy could be more profitable.
If you take a sell trade below 5595.8, then use 5595.8 as stoploss and 5160.1 as target. However if you take a buy trade in stock , then use 5595.8 as stoploss and 5958.81 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	4928.50
Downside Target	5280.00
Upside Target	5650.00
Upside Target	5825.00
Upside Target	6049.00
Upside Target	6118.00
Upside Target	6280.20
Upside Target	6480.00
Upside Target	6501.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	5264.67
Downside Intraday Target	4988.38
Upside Intraday Target	5933.12
Upside Intraday Target	6325.28
Upside Intraday Target	5656.83

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	5540.95	5989.95	6049.00	5380.55	1.501 times
02 Fri Aug 2024	6051.15	6324.95	6480.00	5946.60	0.408 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Power Mech (POWERMECH)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	5540.95	6259.90	6280.20	5380.55	0.151 times
31 Wed Jul 2024	6197.00	4921.00	6501.00	4830.00	1.673 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

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Power Mech ( (POWERMECH) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Power Mech in short term but the sell signal is initial and weak.

Power Mech Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Power Mech in short term and SELL 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 5998.56 and Power Mech (POWERMECH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.