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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 2024-01-10 View latest technical analysis

10 day averaged volume of Usha Martin is 100957

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	6.10	6.20	6.30	6.00	1.078 times
09 Tue Jan 2024	6.05	6.30	6.40	6.05	0.973 times
08 Mon Jan 2024	6.20	6.70	6.70	6.15	2.157 times
05 Fri Jan 2024	6.45	6.05	6.45	6.05	0.552 times
04 Thu Jan 2024	6.15	6.35	6.40	5.90	1.413 times
03 Wed Jan 2024	6.10	6.30	6.30	5.85	0.543 times
02 Tue Jan 2024	6.00	5.95	6.05	5.90	0.708 times
01 Mon Jan 2024	5.90	6.00	6.50	5.90	1.171 times
29 Fri Dec 2023	6.20	6.35	6.40	6.05	1.878 times
28 Thu Dec 2023	6.10	6.10	6.10	6.10	0.388 times

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 6.2 as stoploss in an intra day sell trade for a target of 5.78. However, stock will show a bullish move above 6.2.

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	6.00
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	5.83
Downside Intraday Target	5.57
Upside Intraday Target	6.53
Upside Intraday Target	6.97
Upside Intraday Target	6.27

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	6.10	6.70	6.70	6.00	0.959 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
10 Wed Jan 2024	6.10	6.00	6.70	5.85	1.465 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 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 losing momentum.

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

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. 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 moving up

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 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 6.13 and Usha Martin (UMESLTD_BE) 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_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.