Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-25 View latest technical analysis

10 day averaged volume of Usha Martin is 68236

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	6.16	6.35	6.55	6.05	0.569 times
24 Tue Sep 2024	6.35	6.59	6.72	6.13	0.77 times
23 Mon Sep 2024	6.40	6.79	6.79	6.21	1.19 times
20 Fri Sep 2024	6.51	6.79	6.79	6.17	0.471 times
19 Thu Sep 2024	6.49	6.74	6.74	6.12	0.935 times
18 Wed Sep 2024	6.42	6.68	6.80	6.37	0.802 times
17 Tue Sep 2024	6.68	6.65	7.18	6.58	1.111 times
16 Mon Sep 2024	6.93	7.23	7.40	6.86	1.245 times
13 Fri Sep 2024	7.23	7.38	7.38	6.80	1.264 times
12 Thu Sep 2024	7.03	6.76	7.08	6.76	1.109 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6.4, but if it comes above 6.4, then a intra day buy could be more profitable.
If you take a sell trade below 6.4, then use 6.4 as stoploss and 5.8 as target. However if you take a buy trade in stock , then use 6.4 as stoploss and 6.82 as target.

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	4.65
Downside Target	5.80
Downside Target	6.05
Upside Target	6.53
Upside Target	6.76
Upside Target	7.30
Upside Target	7.40
Upside Target	7.88
Upside Target	8.27
Upside Target	8.69
Upside Target	10.26

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	5.88
Downside Intraday Target	5.59
Upside Intraday Target	6.62
Upside Intraday Target	7.07
Upside Intraday Target	6.33

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	6.16	6.79	6.79	6.05	0.554 times
20 Fri Sep 2024	6.51	7.23	7.40	6.12	0.839 times
13 Fri Sep 2024	7.23	6.63	7.38	6.17	0.564 times
06 Fri Sep 2024	6.63	8.27	8.27	6.53	10.886 times
30 Fri Aug 2024	7.88	7.30	7.88	7.30	0.255 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
25 Wed Sep 2024	6.16	8.27	8.27	6.05	3.74 times
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

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 neutral. A longer time frame might give a better analysis.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

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 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 and SELL signal is strong!

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 6.68 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.