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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 2024-02-14 View latest technical analysis

10 day averaged volume of Usha Martin is 95684

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	6.15	6.00	6.15	5.75	0.263 times
13 Tue Feb 2024	5.90	6.10	6.15	5.70	0.274 times
12 Mon Feb 2024	5.95	6.45	6.45	5.95	0.742 times
09 Fri Feb 2024	6.25	6.70	6.85	6.25	1.294 times
08 Thu Feb 2024	6.55	7.00	7.00	6.50	1.026 times
07 Wed Feb 2024	6.70	6.85	6.85	6.50	0.906 times
06 Tue Feb 2024	6.60	6.80	6.80	6.50	1.806 times
05 Mon Feb 2024	6.50	6.50	6.50	6.25	1.43 times
02 Fri Feb 2024	6.20	6.20	6.35	5.90	1.524 times
01 Thu Feb 2024	6.05	6.25	6.25	5.90	0.309 times

My analysis of stock is bearish for shortterm, and stock might move down till 5.9 or till 5.6. Use a stoploss of 6.16 and if the stock hits stoploss, then it can shoot up till 6.4

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	5.90
Upside Target	6.25
Upside Target	6.40
Upside Target	6.45
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	5.75
Downside Intraday Target	5.35
Upside Intraday Target	6.5
Upside Intraday Target	6.85
Downside Intraday Target	6.1

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	6.15	6.45	6.45	5.70	0.198 times
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

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
14 Wed Feb 2024	6.15	6.25	7.00	5.70	0.549 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 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 6.38 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.