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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 2024-01-08 View latest technical analysis

10 day averaged volume of Usha Martin is 73901

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	6.20	6.70	6.70	6.15	2.946 times
05 Fri Jan 2024	6.45	6.05	6.45	6.05	0.754 times
04 Thu Jan 2024	6.15	6.35	6.40	5.90	1.93 times
03 Wed Jan 2024	6.10	6.30	6.30	5.85	0.742 times
02 Tue Jan 2024	6.00	5.95	6.05	5.90	0.967 times
01 Mon Jan 2024	5.90	6.00	6.50	5.90	1.6 times
29 Fri Dec 2023	6.20	6.35	6.40	6.05	2.566 times
28 Thu Dec 2023	6.10	6.10	6.10	6.10	0.53 times
27 Wed Dec 2023	5.85	5.85	5.85	5.85	0.296 times
26 Tue Dec 2023	5.60	5.55	5.60	5.55	0.555 times

Stock of Usha Martin (UMESLTD_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6.1, but if it comes below 6.1, then a intra day sell could be more profitable.
If you take a sell trade below 6.1, then use 6.1 as stoploss and 5.7 as target. However if you take a buy trade in stock , then use 6.1 as stoploss and 6.6 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	5.85
Downside Target	6.15
Upside Target	6.35
Upside Target	6.40
Upside Target	6.50
Upside Target	6.70
Upside Target	6.85
Upside Target	8.00

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	6
Downside Intraday Target	5.8
Upside Intraday Target	6.55
Upside Intraday Target	6.9
Upside Intraday Target	6.35

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	6.20	6.70	6.70	6.15	0.492 times
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

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
08 Mon Jan 2024	6.20	6.00	6.70	5.85	1.116 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 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 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 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 but buying is losing 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 6.11 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.