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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 2024-10-11 View latest technical analysis

10 day averaged volume of Usha Martin is 35716

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	6.70	6.65	6.80	6.28	1.586 times
10 Thu Oct 2024	6.48	6.05	6.60	6.05	0.671 times
09 Wed Oct 2024	6.31	6.35	6.60	6.30	0.828 times
08 Tue Oct 2024	6.47	6.65	6.65	6.22	0.365 times
07 Mon Oct 2024	6.55	6.61	6.78	6.15	1.038 times
04 Fri Oct 2024	6.48	6.45	6.68	6.25	0.829 times
03 Thu Oct 2024	6.45	6.72	6.72	6.40	0.876 times
01 Tue Oct 2024	6.72	6.57	6.81	6.45	1.424 times
30 Mon Sep 2024	6.57	6.84	6.84	6.31	1.414 times
27 Fri Sep 2024	6.54	6.60	6.67	6.46	1.624 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 6.8 as stoploss in an intra day sell trade for a target of 6.54. However, stock will show a bullish move above 6.8.

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	5.80
Downside Target	6.05
Upside Target	6.76
Upside Target	6.81
Upside Target	6.84
Upside Target	7.36
Upside Target	7.38
Upside Target	7.40
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	6.23
Downside Intraday Target	5.77
Upside Intraday Target	6.98
Upside Intraday Target	7.27
Downside Intraday Target	6.52

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	6.70	6.61	6.80	6.05	0.988 times
04 Fri Oct 2024	6.48	6.84	6.84	6.25	0.615 times
27 Fri Sep 2024	6.54	6.79	6.79	5.91	0.847 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

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
11 Fri Oct 2024	6.70	6.57	6.81	6.05	0.164 times
30 Mon Sep 2024	6.57	8.27	8.27	5.91	4.09 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

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 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 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 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 Weak and stock is losing momentum.

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

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

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 stronger in this stock.

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 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 6.56 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.