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

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

Showing technical analysis as on 2024-01-02 View latest technical analysis

10 day averaged volume of Usha Martin is 50097

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	6.00	5.95	6.05	5.90	1.426 times
01 Mon Jan 2024	5.90	6.00	6.50	5.90	2.361 times
29 Fri Dec 2023	6.20	6.35	6.40	6.05	3.785 times
28 Thu Dec 2023	6.10	6.10	6.10	6.10	0.782 times
27 Wed Dec 2023	5.85	5.85	5.85	5.85	0.437 times
26 Tue Dec 2023	5.60	5.55	5.60	5.55	0.818 times
22 Fri Dec 2023	5.35	5.25	5.35	5.25	0.088 times
21 Thu Dec 2023	5.25	5.30	5.30	5.20	0.423 times
20 Wed Dec 2023	5.30	5.30	5.30	5.30	0.43 times
19 Tue Dec 2023	5.40	5.40	5.45	5.40	0.554 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5.8, but if it comes below 5.8, then a intra day sell could be more profitable.
If you take a sell trade below 5.8, then use 5.8 as stoploss and 5.47 as target. However if you take a buy trade in stock , then use 5.8 as stoploss and 6.2 as target.

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	4.95
Downside Target	5.20
Downside Target	5.45
Downside Target	5.90
Upside Target	6.35
Upside Target	6.40
Upside Target	6.50
Upside Target	6.85
Upside Target	8.00

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	5.77
Downside Intraday Target	5.53
Upside Intraday Target	6.37
Upside Intraday Target	6.73
Upside Intraday Target	6.13

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	6.00	6.00	6.50	5.90	0.65 times
29 Fri Dec 2023	6.20	5.55	6.40	5.55	3.205 times
22 Fri Dec 2023	5.35	5.35	5.45	5.20	1.603 times
15 Fri Dec 2023	5.40	5.25	5.45	5.25	0.389 times
08 Fri Dec 2023	5.15	5.25	5.25	5.00	4.011 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	6.00	6.00	6.50	5.90	0.32 times
29 Fri Dec 2023	6.20	5.30	6.40	5.00	1.964 times
30 Thu Nov 2023	5.35	4.85	6.35	4.55	2.014 times
31 Tue Oct 2023	4.95	6.85	6.85	4.95	0.088 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_BE)

Price action analysis of Usha Martin ( (UMESLTD_BE) ) based on a short 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_BE) ) 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_BE) ) 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 Strong 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Usha Martin in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Usha Martin is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.93 and Usha Martin (UMESLTD_BE) 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_BE) stock. Volume based technical analysis of Usha Martin (UMESLTD_BE) stock is negative.

Usha Martin Stock is giving positive 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.