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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 2024-03-15 View latest technical analysis

10 day averaged volume of Sharda Motor is 39016

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	1212.15	1222.65	1231.45	1197.00	0.845 times
14 Thu Mar 2024	1216.45	1181.05	1240.05	1180.00	1.417 times
13 Wed Mar 2024	1206.70	1250.00	1259.95	1200.10	1.773 times
12 Tue Mar 2024	1252.20	1295.95	1306.05	1240.10	1.003 times
11 Mon Mar 2024	1293.10	1346.00	1346.00	1283.45	1.078 times
07 Thu Mar 2024	1327.00	1319.25	1354.00	1308.30	1.275 times
06 Wed Mar 2024	1312.55	1345.00	1350.00	1296.00	0.943 times
05 Tue Mar 2024	1339.30	1361.20	1374.75	1333.70	0.764 times
04 Mon Mar 2024	1364.00	1421.30	1462.50	1350.00	1.019 times
02 Sat Mar 2024	1421.25	1388.75	1433.30	1375.00	0.148 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1271.8, but if it comes above 1271.8, then a intra day buy could be more profitable.
If you take a sell trade below 1271.8, then use 1271.8 as stoploss and 1161.9 as target. However if you take a buy trade in stock , then use 1271.8 as stoploss and 1363.38 as target.

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	945.10
Downside Target	1120.00
Downside Target	1180.00
Upside Target	1285.05
Upside Target	1378.90
Upside Target	1442.00
Upside Target	1462.50
Upside Target	1468.70
Upside Target	1494.40
Upside Target	1564.10
Upside Target	1571.90

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	1146.1
Downside Intraday Target	1080.05
Upside Intraday Target	1312.1
Upside Intraday Target	1412.05
Upside Intraday Target	1246.05

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	1212.15	1346.00	1346.00	1180.00	1.529 times
07 Thu Mar 2024	1327.00	1421.30	1462.50	1296.00	1.004 times
02 Sat Mar 2024	1421.25	1463.00	1468.70	1341.05	0.736 times
23 Fri Feb 2024	1451.05	1558.00	1564.10	1442.00	0.402 times
16 Fri Feb 2024	1550.55	1360.10	1571.90	1320.05	1.887 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 Sharda Motor (SHARDAMOTR)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	1212.15	1379.55	1462.50	1180.00	0.343 times
29 Thu Feb 2024	1372.55	1374.15	1571.90	1308.15	0.99 times
31 Wed Jan 2024	1371.95	1322.45	1494.40	1285.05	0.742 times
29 Fri Dec 2023	1306.55	1345.00	1379.75	1120.00	0.807 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 Sharda Motor (SHARDAMOTR)

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 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 mid to longer 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.

ADX buy sell signal for Sharda Motor stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Sharda Motor Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Sharda Motor in short term but BUY signal is weak.

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 1275.25 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.