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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 2024-02-09 View latest technical analysis

10 day averaged volume of Usha Martin is 89248

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	6.25	6.70	6.85	6.25	1.387 times
08 Thu Feb 2024	6.55	7.00	7.00	6.50	1.1 times
07 Wed Feb 2024	6.70	6.85	6.85	6.50	0.972 times
06 Tue Feb 2024	6.60	6.80	6.80	6.50	1.937 times
05 Mon Feb 2024	6.50	6.50	6.50	6.25	1.533 times
02 Fri Feb 2024	6.20	6.20	6.35	5.90	1.634 times
01 Thu Feb 2024	6.05	6.25	6.25	5.90	0.331 times
31 Wed Jan 2024	6.05	6.20	6.25	5.75	0.738 times
30 Tue Jan 2024	6.00	6.40	6.40	6.00	0.442 times
29 Mon Jan 2024	6.10	6.10	6.15	5.90	0.723 times

My analysis of stock is bullish for shortterm, and stock might move up till 6.4 or till 6.7. Use a stoploss of 6.19 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	5.70
Downside Target	6.25
Upside Target	6.40
Upside Target	6.50
Upside Target	6.70
Upside Target	6.85
Upside Target	7.00

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	6
Downside Intraday Target	5.75
Upside Intraday Target	6.75
Upside Intraday Target	7.25
Upside Intraday Target	6.5

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	6.25	6.50	7.00	6.25	1.791 times
02 Fri Feb 2024	6.20	6.10	6.40	5.75	1.63 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

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
09 Fri Feb 2024	6.25	6.25	7.00	5.90	0.476 times
31 Wed Jan 2024	6.05	6.00	6.70	5.70	2.818 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

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 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 Weak 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. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Usha Martin in short term but SELL signal is weak.

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 6.37 and Usha Martin (UMESLTD_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.