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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 2024-05-10 View latest technical analysis

10 day averaged volume of Sharda Motor is 62032

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	1463.45	1464.45	1474.45	1452.30	0.301 times
09 Thu May 2024	1454.25	1481.15	1503.35	1451.10	0.622 times
08 Wed May 2024	1481.15	1492.05	1503.10	1474.00	0.464 times
07 Tue May 2024	1488.45	1510.00	1510.95	1481.00	0.618 times
06 Mon May 2024	1503.00	1518.40	1528.90	1494.05	0.727 times
03 Fri May 2024	1518.40	1532.00	1549.00	1505.00	0.988 times
02 Thu May 2024	1522.00	1549.95	1554.85	1488.50	1.331 times
30 Tue Apr 2024	1539.15	1569.65	1578.35	1530.10	0.702 times
29 Mon Apr 2024	1565.65	1525.00	1584.90	1502.10	2.931 times
26 Fri Apr 2024	1482.80	1499.00	1503.00	1477.00	0.996 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1475.4, but if it comes above 1475.4, then a intra day buy could be more profitable.
If you take a sell trade below 1475.4, then use 1475.4 as stoploss and 1428 as target. However if you take a buy trade in stock , then use 1475.4 as stoploss and 1514.92 as target.

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	1165.05
Downside Target	1285.05
Downside Target	1364.25
Downside Target	1421.50
Downside Target	1451.10
Upside Target	1528.90
Upside Target	1539.00
Upside Target	1554.85
Upside Target	1571.90
Upside Target	1584.90
Upside Target	1599.90
Upside Target	1641.85

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	1433.4
Downside Intraday Target	1403.35
Upside Intraday Target	1511.2
Upside Intraday Target	1558.95
Upside Intraday Target	1481.15

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	1463.45	1518.40	1528.90	1451.10	0.459 times
03 Fri May 2024	1518.40	1525.00	1584.90	1488.50	1.217 times
26 Fri Apr 2024	1482.80	1539.00	1539.00	1477.00	0.485 times
19 Fri Apr 2024	1504.15	1535.55	1641.85	1495.00	0.831 times
12 Fri Apr 2024	1537.25	1421.50	1599.90	1421.50	5.141 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
10 Fri May 2024	1463.45	1549.95	1554.85	1451.10	0.153 times
30 Tue Apr 2024	1539.15	1380.00	1641.85	1364.25	2.643 times
28 Thu Mar 2024	1366.20	1379.55	1462.50	1165.05	0.63 times
29 Thu Feb 2024	1372.55	1374.15	1571.90	1308.15	0.99 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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 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 1520.35 and Sharda Motor (SHARDAMOTR) stock is trading below this level. This means that stock is falling with high volumes. 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 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.