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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 2024-01-22 View latest technical analysis

10 day averaged volume of Usha Martin is 84389

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	6.20	6.30	6.35	6.10	1.052 times
19 Fri Jan 2024	6.05	6.10	6.10	5.95	0.472 times
18 Thu Jan 2024	6.10	6.30	6.30	5.90	0.233 times
17 Wed Jan 2024	6.00	6.40	6.40	5.90	0.548 times
16 Tue Jan 2024	6.15	6.50	6.50	6.05	0.662 times
15 Mon Jan 2024	6.25	6.50	6.50	6.10	0.698 times
12 Fri Jan 2024	6.20	6.05	6.30	5.85	1.039 times
11 Thu Jan 2024	6.05	6.40	6.40	5.90	1.313 times
10 Wed Jan 2024	6.10	6.20	6.30	6.00	1.29 times
09 Tue Jan 2024	6.05	6.30	6.40	6.05	1.164 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 6.3 as stoploss in an intra day sell trade for a target of 6.09. However, stock will show a bullish move above 6.3.

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	4.95
Downside Target	5.50
Downside Target	5.85
Downside Target	6.10
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	6.08
Downside Intraday Target	5.97
Upside Intraday Target	6.33
Upside Intraday Target	6.47
Upside Intraday Target	6.22

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	6.20	6.30	6.35	6.10	0.402 times
19 Fri Jan 2024	6.05	6.50	6.50	5.90	0.354 times
12 Fri Jan 2024	6.20	6.70	6.70	5.85	1.407 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

Price has moved up 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
22 Mon Jan 2024	6.20	6.00	6.70	5.85	2.323 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, and volume has increased substantially. This means that the move can 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 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_BE) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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 weakening, and bulls 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 6.12 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 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 has given negative 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.