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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 2024-11-14 View latest technical analysis

10 day averaged volume of Usha Martin is 82168

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	6.58	6.84	6.94	6.42	0.765 times
13 Wed Nov 2024	6.71	6.41	6.85	6.38	1.702 times
12 Tue Nov 2024	6.53	6.72	6.75	6.42	0.956 times
11 Mon Nov 2024	6.65	6.75	6.85	6.42	0.912 times
08 Fri Nov 2024	6.72	6.71	7.06	6.71	2.003 times
07 Thu Nov 2024	7.07	7.07	7.07	7.07	0.362 times
06 Wed Nov 2024	7.45	7.45	7.45	7.45	0.403 times
05 Tue Nov 2024	7.85	7.85	7.85	7.85	0.302 times
04 Mon Nov 2024	8.27	9.13	9.13	8.27	2.351 times
01 Fri Nov 2024	8.71	8.71	8.71	8.71	0.49 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6.4 as stoploss in an intra day buy trade for a target of 7.11. However, stock will show a bearish move below 6.4.

Share price targets for Usha Martin (UMESLTD)

Target Type	Value
Downside Target	4.70
Downside Target	4.80
Downside Target	5.09
Downside Target	5.63
Downside Target	6.03
Downside Target	6.38
Upside Target	6.71
Upside Target	6.85
Upside Target	7.03
Upside Target	8.30
Upside Target	8.71
Upside Target	8.94
Upside Target	9.13

Intraday share price targets for Usha Martin (UMESLTD)

Target Type	Value
Downside Intraday Target	6.33
Downside Intraday Target	6.07
Upside Intraday Target	6.89
Upside Intraday Target	7.19
Upside Intraday Target	6.63

Weekly technical analysis of Usha Martin (UMESLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	6.58	6.75	6.94	6.38	0.799 times
08 Fri Nov 2024	6.72	9.13	9.13	6.71	1.034 times
01 Fri Nov 2024	8.71	7.19	8.71	6.85	1.487 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

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 Usha Martin (UMESLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	6.58	8.71	9.13	6.38	0.887 times
31 Thu Oct 2024	8.30	7.03	8.30	6.03	0.319 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

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

Price action analysis of Usha Martin ( (UMESLTD) ) 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 Usha Martin ( (UMESLTD) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Usha Martin in short term but the sell signal is initial and weak.

Usha Martin 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 Usha Martin 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 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 7.21 and Usha Martin (UMESLTD) 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 Usha Martin (UMESLTD) stock. Volume based technical analysis of Usha Martin (UMESLTD) stock is negative.

Usha Martin Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.