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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 2024-06-05 View latest technical analysis

10 day averaged volume of Sharda Motor is 97444

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1600.35	1472.05	1618.00	1451.25	0.987 times
04 Tue Jun 2024	1489.55	1605.00	1605.00	1419.10	1.548 times
03 Mon Jun 2024	1601.10	1612.00	1616.95	1565.00	0.811 times
31 Fri May 2024	1585.00	1574.00	1592.00	1565.00	0.374 times
30 Thu May 2024	1581.35	1590.20	1614.95	1570.05	0.72 times
29 Wed May 2024	1587.65	1583.10	1598.00	1572.50	0.371 times
28 Tue May 2024	1583.10	1579.35	1591.65	1535.00	0.85 times
27 Mon May 2024	1566.25	1591.00	1614.70	1557.00	0.864 times
24 Fri May 2024	1568.75	1609.00	1645.50	1542.70	3.01 times
23 Thu May 2024	1575.25	1561.55	1585.85	1529.20	0.93 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1582.2, but if it comes below 1582.2, then a intra day sell could be more profitable.
If you take a sell trade below 1582.2, then use 1582.2 as stoploss and 1530.85 as target. However if you take a buy trade in stock , then use 1582.2 as stoploss and 1643.7 as target.

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	1165.05
Downside Target	1308.15
Downside Target	1364.25
Downside Target	1419.10
Downside Target	1519.00
Downside Target	1571.90
Upside Target	1614.95
Upside Target	1618.00
Upside Target	1641.85
Upside Target	1645.50

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	1473.63
Downside Intraday Target	1346.92
Upside Intraday Target	1672.53
Upside Intraday Target	1744.72
Downside Intraday Target	1545.82

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1600.35	1612.00	1618.00	1419.10	1.052 times
31 Fri May 2024	1585.00	1591.00	1614.95	1535.00	0.654 times
24 Fri May 2024	1568.75	1509.00	1645.50	1482.20	3.553 times
18 Sat May 2024	1494.70	1473.20	1519.00	1436.00	0.787 times
10 Fri May 2024	1463.45	1518.40	1528.90	1451.10	0.459 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
05 Wed Jun 2024	1600.35	1612.00	1618.00	1419.10	0.265 times
31 Fri May 2024	1585.00	1549.95	1645.50	1436.00	0.599 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

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1566.18 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.