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(SHARDAMOTR) Sharda Motor complete technical analysis [charts+indicators] | Buy/Sell Sharda Motor | (SHARDAMOTR) share price targets

Complete technical analysis of Sharda Motor (SHARDAMOTR) by charts plus indicators, forecast predictions and share price targets for Sharda Motor (SHARDAMOTR)

Sharda Motor trades in NSE in Auto Parts & Equipment sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Sharda Motor is 90881

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	1439.10	1410.00	1494.40	1371.00	2.337 times
05 Fri Jan 2024	1393.55	1390.00	1418.00	1367.00	0.776 times
04 Thu Jan 2024	1392.70	1404.00	1424.80	1383.45	0.987 times
03 Wed Jan 2024	1395.15	1303.70	1425.00	1296.10	2.809 times
02 Tue Jan 2024	1303.70	1301.05	1338.00	1293.85	0.366 times
01 Mon Jan 2024	1303.30	1322.45	1325.60	1285.05	0.386 times
29 Fri Dec 2023	1306.55	1341.85	1344.10	1288.20	0.631 times
28 Thu Dec 2023	1334.20	1266.85	1347.10	1266.85	1.662 times
27 Wed Dec 2023	1271.55	1260.00	1280.00	1257.00	0.382 times
26 Tue Dec 2023	1259.70	1272.15	1279.80	1246.65	0.6 times

Stock of Sharda Motor (SHARDAMOTR) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1448.5, for a target of 1356.5 or 1279.79

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	864.60
Downside Target	945.10
Downside Target	972.00
Downside Target	1005.00
Downside Target	1101.85
Downside Target	1208.10
Downside Target	1246.65
Downside Target	1280.00
Downside Target	1347.10
Downside Target	1378.90
Downside Target	1379.75
Downside Target	1425.00
Upside Target	1494.40

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	1375.27
Downside Intraday Target	1311.43
Upside Intraday Target	1498.67
Upside Intraday Target	1558.23
Downside Intraday Target	1434.83

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	1439.10	1410.00	1494.40	1371.00	0.439 times
05 Fri Jan 2024	1393.55	1322.45	1425.00	1285.05	1.625 times
29 Fri Dec 2023	1306.55	1272.15	1347.10	1246.65	0.607 times
22 Fri Dec 2023	1253.35	1224.10	1282.00	1120.00	1.4 times
15 Fri Dec 2023	1215.80	1261.50	1280.00	1208.10	0.829 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 Sharda Motor (SHARDAMOTR)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	1439.10	1322.45	1494.40	1285.05	0.415 times
29 Fri Dec 2023	1306.55	1345.00	1379.75	1120.00	0.807 times
30 Thu Nov 2023	1318.60	955.65	1378.90	945.10	2.729 times
31 Tue Oct 2023	955.55	980.05	1005.00	864.60	0.56 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 Sharda Motor (SHARDAMOTR)

Price action analysis of Sharda Motor ( (SHARDAMOTR) ) 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 Sharda Motor ( (SHARDAMOTR) ) 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 Sharda Motor ( (SHARDAMOTR) ) 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 Sharda Motor stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sharda Motor 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.

Sharda Motor 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 Sharda Motor in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 Sharda Motor is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1371.79 and Sharda Motor (SHARDAMOTR) 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 Sharda Motor (SHARDAMOTR) stock. Volume based technical analysis of Sharda Motor (SHARDAMOTR) stock is negative.

Sharda Motor 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.