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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 2024-08-27 View latest technical analysis

10 day averaged volume of Power Mech is 204891

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	6732.90	7048.00	7076.75	6712.00	0.55 times
26 Mon Aug 2024	7012.70	7048.95	7270.00	6970.15	1.173 times
23 Fri Aug 2024	6888.30	6464.30	7450.00	6388.00	4.813 times
22 Thu Aug 2024	6386.35	6420.00	6450.00	6353.00	0.239 times
21 Wed Aug 2024	6350.40	6404.85	6435.00	6314.00	0.341 times
20 Tue Aug 2024	6366.00	6299.00	6390.00	6122.40	0.566 times
19 Mon Aug 2024	6147.35	5960.00	6189.95	5960.00	0.368 times
16 Fri Aug 2024	5905.15	6000.00	6000.00	5740.00	0.613 times
14 Wed Aug 2024	5670.20	5484.75	5767.95	5360.00	0.984 times
13 Tue Aug 2024	5412.10	5629.95	5629.95	5365.70	0.571 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6518.2, but if it comes below 6518.2, then a intra day sell could be more profitable.
If you take a sell trade below 6518.2, then use 6518.2 as stoploss and 6057.24 as target. However if you take a buy trade in stock , then use 6518.2 as stoploss and 7071.2 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	5946.60
Downside Target	6049.00
Downside Target	6480.00
Downside Target	6501.00
Downside Target	6712.00
Upside Target	7270.00
Upside Target	7450.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	6539.93
Downside Intraday Target	6346.97
Upside Intraday Target	7097.93
Upside Intraday Target	7462.97
Upside Intraday Target	6904.97

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	6732.90	7048.95	7270.00	6712.00	0.272 times
23 Fri Aug 2024	6888.30	5960.00	7450.00	5960.00	2.531 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

Price has moved down 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
27 Tue Aug 2024	6732.90	6259.90	7450.00	5360.00	1.287 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 losing 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 coming down

CCI has generated a SELL signal for Power Mech in short term but SELL signal is weak.

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 6550.15 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.