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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 2024-01-05 View latest technical analysis

10 day averaged volume of Usha Martin is 70445

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	6.45	6.05	6.45	6.05	0.791 times
04 Thu Jan 2024	6.15	6.35	6.40	5.90	2.024 times
03 Wed Jan 2024	6.10	6.30	6.30	5.85	0.778 times
02 Tue Jan 2024	6.00	5.95	6.05	5.90	1.014 times
01 Mon Jan 2024	5.90	6.00	6.50	5.90	1.679 times
29 Fri Dec 2023	6.20	6.35	6.40	6.05	2.692 times
28 Thu Dec 2023	6.10	6.10	6.10	6.10	0.556 times
27 Wed Dec 2023	5.85	5.85	5.85	5.85	0.311 times
26 Tue Dec 2023	5.60	5.55	5.60	5.55	0.582 times
22 Fri Dec 2023	5.35	5.25	5.35	5.25	0.063 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 6.5, for a target of 6 or 5.65

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	5.85
Downside Target	6.35
Downside 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	6.03
Downside Intraday Target	5.62
Upside Intraday Target	6.68
Upside Intraday Target	6.92
Downside Intraday Target	6.27

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	6.45	6.00	6.50	5.85	1.518 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Usha Martin (UMESLTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	6.45	6.00	6.50	5.85	0.748 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 up 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 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_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Usha Martin ( (UMESLTD_BE) ) based on a short to mid 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_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 losing 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 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 6.08 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 positive

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