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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 2024-08-22 View latest technical analysis

10 day averaged volume of Power Mech is 100838

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	6386.35	6420.00	6450.00	6353.00	0.487 times
21 Wed Aug 2024	6350.40	6404.85	6435.00	6314.00	0.693 times
20 Tue Aug 2024	6366.00	6299.00	6390.00	6122.40	1.15 times
19 Mon Aug 2024	6147.35	5960.00	6189.95	5960.00	0.747 times
16 Fri Aug 2024	5905.15	6000.00	6000.00	5740.00	1.245 times
14 Wed Aug 2024	5670.20	5484.75	5767.95	5360.00	1.999 times
13 Tue Aug 2024	5412.10	5629.95	5629.95	5365.70	1.16 times
12 Mon Aug 2024	5591.00	5607.80	5625.60	5488.95	0.675 times
09 Fri Aug 2024	5607.80	5572.20	5639.85	5479.00	0.382 times
08 Thu Aug 2024	5522.35	5613.25	5700.00	5481.40	0.821 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6321.5, but if it comes below 6321.5, then a intra day sell could be more profitable.
If you take a sell trade below 6321.5, then use 6321.5 as stoploss and 5979.04 as target. However if you take a buy trade in stock , then use 6321.5 as stoploss and 6732.4 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
Downside Target	5836.50
Downside Target	6000.00
Downside Target	6049.00
Upside Target	6450.00
Upside Target	6480.00
Upside Target	6501.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	6080.9
Downside Intraday Target	5775.45
Upside Intraday Target	6570.9
Upside Intraday Target	6755.45
Downside Intraday Target	6265.45

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	6386.35	5960.00	6450.00	5960.00	0.606 times
16 Fri Aug 2024	5905.15	5607.80	6000.00	5360.00	1.078 times
09 Fri Aug 2024	5607.80	5989.95	6049.00	5380.55	2.969 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

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
22 Thu Aug 2024	6386.35	6259.90	6450.00	5360.00	0.652 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 5859.41 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.