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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 2024-08-30 View latest technical analysis

10 day averaged volume of Usha Martin is 28738

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	7.88	7.88	7.88	7.88	0.509 times
29 Thu Aug 2024	7.73	7.73	7.73	7.73	0.652 times
28 Wed Aug 2024	7.58	7.58	7.58	7.58	0.357 times
27 Tue Aug 2024	7.44	7.44	7.44	7.44	0.315 times
26 Mon Aug 2024	7.30	7.30	7.30	7.30	0.271 times
23 Fri Aug 2024	7.16	7.16	7.16	7.16	3.68 times
22 Thu Aug 2024	7.02	7.02	7.02	7.02	1.416 times
21 Wed Aug 2024	6.89	6.76	6.89	6.76	2.082 times
20 Tue Aug 2024	6.76	6.76	6.76	6.76	0.801 times
19 Mon Aug 2024	6.90	6.90	6.90	6.90	0.277 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 8 as stoploss in an intra day sell trade for a target of 7.51. However, stock will show a bullish move above 8.

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	4.65
Downside Target	5.70
Downside Target	6.25
Downside Target	6.76
Downside Target	7.00
Downside Target	7.51
Downside Target	7.67
Downside Target	7.88
Upside Target	8.33
Upside Target	8.51
Upside Target	8.69
Upside Target	9.25
Upside Target	10.26

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	7.49
Downside Intraday Target	7.11
Upside Intraday Target	8.07
Upside Intraday Target	8.27
Downside Intraday Target	7.69

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	7.88	7.30	7.88	7.30	0.255 times
23 Fri Aug 2024	7.16	6.90	7.16	6.76	6.946 times
16 Fri Aug 2024	7.05	7.51	7.51	7.05	0.685 times
09 Fri Aug 2024	7.67	8.33	8.33	7.67	0.698 times
02 Fri Aug 2024	8.51	9.25	9.25	8.51	0.289 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
30 Fri Aug 2024	7.88	8.69	8.69	6.76	0.462 times
31 Wed Jul 2024	8.87	8.10	10.26	7.36	1.561 times
22 Mon Apr 2024	5.50	4.55	5.80	4.55	0.596 times
28 Thu Mar 2024	4.65	6.15	6.25	4.65	0.557 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Usha Martin in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Usha Martin Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 7.15 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 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 negative.

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