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(USHAMART) Usha Martin complete technical analysis [charts+indicators] | Buy/Sell Usha Martin | (USHAMART) share price targets

Complete technical analysis of Usha Martin (USHAMART) by charts plus indicators, forecast predictions and share price targets for Usha Martin (USHAMART)

Usha Martin trades in NSE in Iron & Steel Products sector.

Showing technical analysis as on 2024-10-09 View latest technical analysis

10 day averaged volume of Usha Martin is 559877

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	343.05	347.40	351.45	340.10	0.683 times
08 Tue Oct 2024	345.55	339.15	347.50	334.40	0.73 times
07 Mon Oct 2024	339.15	350.10	354.80	335.65	1.189 times
04 Fri Oct 2024	348.85	354.25	360.20	346.00	0.948 times
03 Thu Oct 2024	356.25	362.95	367.25	354.00	0.894 times
01 Tue Oct 2024	366.85	360.00	369.60	357.00	1.899 times
30 Mon Sep 2024	357.50	357.95	360.90	349.00	0.89 times
27 Fri Sep 2024	354.95	353.95	357.30	349.30	0.809 times
26 Thu Sep 2024	351.70	359.00	360.90	350.00	0.757 times
25 Wed Sep 2024	356.85	351.60	358.80	350.80	1.337 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 344.9, but if it comes above 344.9, then a intra day buy could be more profitable.
If you take a sell trade below 344.9, then use 344.9 as stoploss and 336.3 as target. However if you take a buy trade in stock , then use 344.9 as stoploss and 352.18 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	312.25
Downside Target	326.95
Downside Target	334.40
Upside Target	343.25
Upside Target	365.10
Upside Target	369.60
Upside Target	371.70
Upside Target	387.00
Upside Target	423.95
Upside Target	427.80

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	333.37
Downside Intraday Target	323.68
Upside Intraday Target	353.77
Upside Intraday Target	364.48
Upside Intraday Target	344.08

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	343.05	350.10	354.80	334.40	0.562 times
04 Fri Oct 2024	348.85	357.95	369.60	346.00	0.84 times
27 Fri Sep 2024	354.95	347.00	360.90	343.25	0.769 times
20 Fri Sep 2024	345.05	359.85	365.10	334.70	0.722 times
13 Fri Sep 2024	359.85	354.95	371.70	346.25	0.729 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 (USHAMART)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	343.05	360.00	369.60	334.40	0.171 times
30 Mon Sep 2024	357.50	332.00	371.70	326.95	0.888 times
30 Fri Aug 2024	331.35	379.75	387.00	314.95	1.145 times
31 Wed Jul 2024	379.75	387.85	427.80	350.25	0.731 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 (USHAMART)

Price action analysis of Usha Martin ( (USHAMART) ) 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 ( (USHAMART) ) 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 ( (USHAMART) ) 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 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Usha Martin in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 353.62 and Usha Martin (USHAMART) 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 (USHAMART) stock. Volume based technical analysis of Usha Martin (USHAMART) 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.