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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 2024-08-08 View latest technical analysis

10 day averaged volume of Sharda Motor is 41845

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	2264.60	2277.00	2305.00	2238.15	0.519 times
07 Wed Aug 2024	2278.15	2260.30	2350.00	2232.00	0.513 times
06 Tue Aug 2024	2260.30	2322.35	2350.00	2250.00	0.559 times
05 Mon Aug 2024	2300.35	2312.00	2373.75	2200.05	3.311 times
02 Fri Aug 2024	2426.70	2434.00	2449.90	2390.35	0.756 times
01 Thu Aug 2024	2436.70	2465.00	2510.00	2414.00	0.777 times
31 Wed Jul 2024	2440.35	2425.00	2481.80	2403.45	1.009 times
30 Tue Jul 2024	2423.20	2466.00	2467.25	2409.00	0.458 times
29 Mon Jul 2024	2449.20	2454.95	2504.00	2437.05	1.096 times
26 Fri Jul 2024	2441.50	2436.60	2543.95	2425.00	1.199 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2324.3, but if it comes above 2324.3, then a intra day buy could be more profitable.
If you take a sell trade below 2324.3, then use 2324.3 as stoploss and 2166.6 as target. However if you take a buy trade in stock , then use 2324.3 as stoploss and 2455.62 as target.

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	1364.25
Downside Target	1419.10
Downside Target	1641.85
Downside Target	2145.70
Downside Target	2200.05
Upside Target	2303.35
Upside Target	2373.75
Upside Target	2510.00
Upside Target	2561.90
Upside Target	2727.00
Upside Target	2952.10

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	2185.18
Downside Intraday Target	2105.77
Upside Intraday Target	2358.88
Upside Intraday Target	2453.17
Upside Intraday Target	2279.47

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	2264.60	2312.00	2373.75	2200.05	1.197 times
02 Fri Aug 2024	2426.70	2454.95	2510.00	2390.35	0.805 times
26 Fri Jul 2024	2441.50	2490.00	2561.90	2303.35	0.868 times
19 Fri Jul 2024	2495.15	2679.00	2727.00	2425.85	0.341 times
12 Fri Jul 2024	2675.55	2580.00	2952.10	2405.05	0.599 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
08 Thu Aug 2024	2264.60	2465.00	2510.00	2200.05	0.108 times
31 Wed Jul 2024	2440.35	2202.15	2952.10	2145.70	0.984 times
28 Fri Jun 2024	2202.20	1612.00	2224.00	1419.10	2.051 times
31 Fri May 2024	1585.00	1549.95	1645.50	1436.00	0.599 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 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 Strong and stock is gaining 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 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 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 2366.93 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.