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(UMESLTD) Usha Martin complete technical analysis [charts+indicators] | Buy/Sell Usha Martin | (UMESLTD) share price targets

Complete technical analysis of Usha Martin (UMESLTD) by charts plus indicators, forecast predictions and share price targets for Usha Martin (UMESLTD)

Usha Martin trades in NSE in IT Software Products sector.

Showing technical analysis as on 2024-10-29 View latest technical analysis

10 day averaged volume of Usha Martin is 56398

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	7.54	7.54	7.54	7.34	2.817 times
28 Mon Oct 2024	7.19	7.19	7.19	6.85	1.964 times
25 Fri Oct 2024	6.85	6.55	6.85	6.55	1.469 times
24 Thu Oct 2024	6.53	6.55	6.55	6.25	1.344 times
23 Wed Oct 2024	6.24	6.54	6.54	6.03	0.393 times
22 Tue Oct 2024	6.23	6.50	6.58	6.23	0.543 times
21 Mon Oct 2024	6.56	6.28	6.58	6.28	1.387 times
18 Fri Oct 2024	6.27	6.45	6.45	6.06	0.476 times
17 Thu Oct 2024	6.36	6.69	6.77	6.26	0.969 times
16 Wed Oct 2024	6.45	6.75	6.75	6.33	0.396 times

Stock of Usha Martin (UMESLTD) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 7.7 as stoploss in an intra day sell trade for a target of 6.98. However, stock will show a bullish move above 7.7.

Share price targets for Usha Martin (UMESLTD)

Target Type	Value
Downside Target	4.70
Downside Target	4.80
Downside Target	5.09
Downside Target	5.30
Downside Target	5.63
Downside Target	5.80
Downside Target	6.03
Downside Target	6.85
Downside Target	7.03
Downside Target	7.54
Upside Target	7.73
Upside Target	7.74
Upside Target	8.94

Intraday share price targets for Usha Martin (UMESLTD)

Target Type	Value
Downside Intraday Target	7.08
Downside Intraday Target	6.62
Upside Intraday Target	7.77
Upside Intraday Target	8
Downside Intraday Target	7.31

Weekly technical analysis of Usha Martin (UMESLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	7.54	7.19	7.54	6.85	0.931 times
25 Fri Oct 2024	6.85	6.28	6.85	6.03	1.079 times
18 Fri Oct 2024	6.27	7.03	7.03	6.06	0.173 times
11 Thu Jul 2024	7.73	8.11	8.94	7.73	1.091 times
05 Fri Jul 2024	7.74	5.21	7.74	5.09	4.582 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 Usha Martin (UMESLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	7.54	7.03	7.54	6.03	0.278 times
11 Thu Jul 2024	7.73	5.21	8.94	5.09	3.114 times
28 Fri Jun 2024	5.27	5.25	5.63	4.80	1.117 times
31 Fri May 2024	5.00	5.65	5.65	4.70	3.135 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 Usha Martin (UMESLTD)

Price action analysis of Usha Martin ( (UMESLTD) ) based on a short 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 Usha Martin ( (UMESLTD) ) 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 Usha Martin ( (UMESLTD) ) 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 Usha Martin stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Usha Martin in short term and the buy signal is strong.

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

Usha Martin Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Usha Martin in short term and BUY signal is strong.

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 Usha Martin is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.87 and Usha Martin (UMESLTD) 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 Usha Martin (UMESLTD) stock. Volume based technical analysis of Usha Martin (UMESLTD) stock is negative.

Usha Martin 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.