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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 2024-01-29 View latest technical analysis

10 day averaged volume of Usha Martin is 52018

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	6.10	6.10	6.15	5.90	1.241 times
25 Thu Jan 2024	5.90	6.05	6.05	5.70	1.012 times
24 Wed Jan 2024	5.90	6.10	6.10	5.80	0.682 times
23 Tue Jan 2024	6.00	6.20	6.20	6.00	0.673 times
22 Mon Jan 2024	6.20	6.30	6.35	6.10	1.707 times
19 Fri Jan 2024	6.05	6.10	6.10	5.95	0.766 times
18 Thu Jan 2024	6.10	6.30	6.30	5.90	0.377 times
17 Wed Jan 2024	6.00	6.40	6.40	5.90	0.889 times
16 Tue Jan 2024	6.15	6.50	6.50	6.05	1.074 times
15 Mon Jan 2024	6.25	6.50	6.50	6.10	1.133 times

My analysis of stock is bullish for shortterm, and stock might move up till 6.2 or till 6.4. Use a stoploss of 6.09 and if this stock hits its stoploss, then it can fall down till 5.96

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	5.70
Downside Target	5.85
Upside Target	6.15
Upside Target	6.35
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	5.95
Downside Intraday Target	5.8
Upside Intraday Target	6.2
Upside Intraday Target	6.3
Downside Intraday Target	6.05

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	6.10	6.10	6.15	5.90	0.305 times
25 Thu Jan 2024	5.90	6.30	6.35	5.70	0.961 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

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
29 Mon Jan 2024	6.10	6.00	6.70	5.70	2.64 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 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 term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Usha Martin ( (UMESLTD_BE) ) based on a short to mid 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 mid to longer 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.

ADX buy sell signal for Usha Martin stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Usha Martin Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 buy signal for Usha Martin in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 6.09 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.