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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 2024-03-18 View latest technical analysis

10 day averaged volume of Usha Martin is 42012

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	5.40	5.55	5.65	5.15	0.65 times
15 Fri Mar 2024	5.40	5.55	5.65	5.15	0.141 times
14 Thu Mar 2024	5.40	5.10	5.45	4.95	1.496 times
13 Wed Mar 2024	5.20	5.50	5.65	5.20	1.395 times
12 Tue Mar 2024	5.45	5.80	5.90	5.40	0.842 times
11 Mon Mar 2024	5.65	6.15	6.15	5.60	1.302 times
07 Thu Mar 2024	5.90	5.65	5.90	5.40	0.86 times
06 Wed Mar 2024	5.65	6.10	6.10	5.55	1.719 times
05 Tue Mar 2024	5.85	6.10	6.10	5.80	1.303 times
04 Mon Mar 2024	6.05	6.25	6.25	5.90	0.654 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5.5, but if it comes above 5.5, then a intra day buy could be more profitable.
If you take a sell trade below 5.5, then use 5.5 as stoploss and 5.1 as target. However if you take a buy trade in stock , then use 5.5 as stoploss and 5.85 as target.

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	4.95
Downside Target	5.15
Downside Target	5.40
Upside Target	5.65
Upside Target	6.15
Upside Target	6.25
Upside Target	6.35
Upside Target	6.40
Upside Target	6.50
Upside Target	6.70
Upside Target	7.00

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	5.15
Downside Intraday Target	4.9
Upside Intraday Target	5.65
Upside Intraday Target	5.9
Upside Intraday Target	5.4

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	5.40	5.55	5.65	5.15	0.126 times
15 Fri Mar 2024	5.40	6.15	6.15	4.95	1.141 times
07 Thu Mar 2024	5.90	6.25	6.25	5.40	0.805 times
02 Sat Mar 2024	6.00	6.30	6.50	5.70	0.474 times
23 Fri Feb 2024	6.30	6.65	6.70	5.80	2.448 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
18 Mon Mar 2024	5.40	6.15	6.25	4.95	0.283 times
29 Thu Feb 2024	5.90	6.25	7.00	5.70	1.013 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

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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Usha Martin in short term and the sell 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 weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Usha Martin in short term

RSI is generating a SELL signal in short term but selling 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 5.59 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.