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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 2024-01-23 View latest technical analysis

10 day averaged volume of Sharda Motor is 39518

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	1315.75	1375.00	1382.80	1298.80	1.035 times
22 Mon Jan 2024	1378.05	1422.30	1422.30	1370.00	0.335 times
19 Fri Jan 2024	1401.30	1372.00	1410.55	1365.00	0.465 times
18 Thu Jan 2024	1364.90	1357.00	1374.30	1320.00	0.71 times
17 Wed Jan 2024	1356.80	1385.00	1387.50	1337.45	1.007 times
16 Tue Jan 2024	1387.45	1415.00	1423.15	1363.80	1.331 times
15 Mon Jan 2024	1419.15	1429.00	1470.00	1410.05	1.187 times
12 Fri Jan 2024	1419.90	1417.00	1449.00	1407.35	1.132 times
11 Thu Jan 2024	1416.90	1396.10	1436.10	1396.10	0.792 times
10 Wed Jan 2024	1396.65	1407.00	1422.00	1387.00	1.057 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1323.3, but if it comes above 1323.3, then a intra day buy could be more profitable.
If you take a sell trade below 1323.3, then use 1323.3 as stoploss and 1267 as target. However if you take a buy trade in stock , then use 1323.3 as stoploss and 1370.16 as target.

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	1246.65
Downside Target	1285.05
Upside Target	1347.10
Upside Target	1379.75
Upside Target	1422.30
Upside Target	1425.00
Upside Target	1470.00
Upside Target	1494.40

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	1268.93
Downside Intraday Target	1222.12
Upside Intraday Target	1392.43
Upside Intraday Target	1469.12
Upside Intraday Target	1345.62

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	1315.75	1422.30	1422.30	1298.80	0.292 times
19 Fri Jan 2024	1401.30	1429.00	1470.00	1320.00	0.455 times
12 Fri Jan 2024	1419.90	1410.00	1494.40	1371.00	0.845 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

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 Sharda Motor (SHARDAMOTR)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	1315.75	1322.45	1494.40	1285.05	0.674 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sharda Motor ( (SHARDAMOTR) ) 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 Sharda Motor ( (SHARDAMOTR) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.

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

Sharda Motor Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Sharda Motor 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

Stock of Sharda Motor is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1386.3 and Sharda Motor (SHARDAMOTR) 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 Sharda Motor (SHARDAMOTR) stock. Volume based technical analysis of Sharda Motor (SHARDAMOTR) stock is negative.

Sharda Motor 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.