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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 2024-09-18 View latest technical analysis

10 day averaged volume of Sharda Motor is 24739

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	2454.75	2482.65	2578.85	2446.05	1.636 times
17 Tue Sep 2024	2473.90	2470.10	2525.10	2445.95	0.413 times
16 Mon Sep 2024	2470.10	2539.05	2550.00	2463.95	0.702 times
13 Fri Sep 2024	2530.40	2500.00	2540.00	2482.55	1.416 times
12 Thu Sep 2024	2531.30	2525.00	2551.90	2435.50	2.441 times
11 Wed Sep 2024	2590.40	2632.10	2643.00	2584.05	0.46 times
10 Tue Sep 2024	2630.25	2628.45	2691.70	2606.75	0.798 times
09 Mon Sep 2024	2626.15	2592.10	2649.00	2525.20	0.942 times
06 Fri Sep 2024	2611.45	2691.15	2719.95	2600.00	0.974 times
05 Thu Sep 2024	2653.75	2663.65	2686.90	2646.30	0.447 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2421.1, for a target of 2533.3 or 2626.88

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	1419.10
Downside Target	1645.50
Downside Target	2145.70
Downside Target	2200.05
Downside Target	2435.50
Upside Target	2555.10
Upside Target	2633.40
Upside Target	2691.70
Upside Target	2719.95
Upside Target	2789.00
Upside Target	2863.40
Upside Target	2952.10

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	2407.52
Downside Intraday Target	2360.28
Upside Intraday Target	2540.42
Upside Intraday Target	2626.08
Upside Intraday Target	2493.18

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	2454.75	2539.05	2578.85	2445.95	0.454 times
13 Fri Sep 2024	2530.40	2592.10	2691.70	2435.50	1.018 times
06 Fri Sep 2024	2611.45	2711.00	2719.95	2555.10	0.366 times
30 Fri Aug 2024	2711.00	2779.95	2863.40	2633.40	1.667 times
23 Fri Aug 2024	2715.20	2694.95	2789.00	2570.00	0.822 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
18 Wed Sep 2024	2454.75	2711.00	2719.95	2435.50	0.286 times
30 Fri Aug 2024	2711.00	2465.00	2863.40	2200.05	0.514 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Sharda Motor stock for short term is SELL. Signal strength is Strong 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 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 2544.51 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.