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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 2024-10-28 View latest technical analysis

10 day averaged volume of Usha Martin is 3876497

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	409.90	387.85	425.40	381.35	1.14 times
25 Fri Oct 2024	384.40	397.95	400.65	380.15	0.236 times
24 Thu Oct 2024	395.85	393.45	406.00	391.30	0.225 times
23 Wed Oct 2024	390.75	392.95	408.00	388.05	0.289 times
22 Tue Oct 2024	394.00	418.00	418.00	390.00	0.266 times
21 Mon Oct 2024	419.35	432.90	437.80	406.55	0.497 times
18 Fri Oct 2024	429.00	420.95	431.50	411.05	0.447 times
17 Thu Oct 2024	418.95	438.25	439.40	416.10	0.374 times
16 Wed Oct 2024	436.85	443.00	443.75	427.55	0.548 times
15 Tue Oct 2024	440.85	421.85	451.00	418.05	3.166 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 423.6 as stoploss in an intra day sell trade for a target of 389.83. However, stock will show a bullish move above 423.6.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	312.25
Downside Target	326.95
Downside Target	334.40
Downside Target	346.00
Downside Target	369.60
Downside Target	380.15
Downside Target	404.05
Upside Target	423.95
Upside Target	425.40
Upside Target	427.80
Upside Target	433.80
Upside Target	437.80
Upside Target	451.00

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	385.7
Downside Intraday Target	361.5
Upside Intraday Target	429.75
Upside Intraday Target	449.6
Downside Intraday Target	405.55

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	409.90	387.85	425.40	381.35	0.753 times
25 Fri Oct 2024	384.40	432.90	437.80	380.15	0.178 times
18 Fri Oct 2024	429.00	413.40	451.00	404.05	0.687 times
11 Fri Oct 2024	422.10	350.10	433.80	334.40	18.461 times
04 Fri Oct 2024	348.85	357.95	369.60	346.00	0.84 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 (USHAMART)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	409.90	360.00	451.00	334.40	4.484 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 up this month, and volume has increased substantially. This means that the move can 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 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 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 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 ( (USHAMART) ) 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 SELL signal for Usha Martin in short term but the sell 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 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 above the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 425.27 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 positive

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