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(POWERMECH) Power Mech complete technical analysis [charts+indicators] | Buy/Sell Power Mech | (POWERMECH) share price targets

Complete technical analysis of Power Mech (POWERMECH) by charts plus indicators, forecast predictions and share price targets for Power Mech (POWERMECH)

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Power Mech is 56348

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	5116.50	5090.00	5221.40	4981.10	2.334 times
28 Wed Feb 2024	5064.90	5300.00	5477.85	5025.00	1.81 times
27 Tue Feb 2024	5222.45	5350.00	5398.00	5185.00	2.118 times
26 Mon Feb 2024	5207.35	5199.95	5290.00	5108.85	0.702 times
23 Fri Feb 2024	5155.35	5149.00	5189.60	5090.00	0.597 times
22 Thu Feb 2024	5105.50	5131.00	5152.50	4967.85	0.891 times
21 Wed Feb 2024	5101.65	5201.00	5340.00	5076.55	1.096 times
20 Tue Feb 2024	5191.50	5339.90	5404.85	5175.85	0.652 times
19 Mon Feb 2024	5306.00	5325.00	5425.00	5283.10	0.269 times
16 Fri Feb 2024	5311.00	5324.00	5365.90	5215.60	1.018 times

Stock of Power Mech (POWERMECH) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5143.4, but if it comes above 5143.4, then a intra day buy could be more profitable.
If you take a sell trade below 5143.4, then use 5143.4 as stoploss and 5045.4 as target. However if you take a buy trade in stock , then use 5143.4 as stoploss and 5225.03 as target.

Share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Target	3364.95
Downside Target	3450.00
Downside Target	3915.10
Downside Target	4205.00
Downside Target	4468.80
Downside Target	4967.85
Downside Target	5105.00
Upside Target	5425.00
Upside Target	5441.35
Upside Target	5477.85
Upside Target	5530.00
Upside Target	5550.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	4905.78
Downside Intraday Target	4695.07
Upside Intraday Target	5402.53
Upside Intraday Target	5688.57
Upside Intraday Target	5191.82

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	5116.50	5199.95	5477.85	4981.10	1.987 times
23 Fri Feb 2024	5155.35	5325.00	5425.00	4967.85	0.668 times
16 Fri Feb 2024	5311.00	5340.00	5530.00	4980.05	1.904 times
09 Fri Feb 2024	5329.45	5370.00	5550.00	5105.00	0.38 times
02 Fri Feb 2024	5316.95	5059.95	5441.35	4992.90	2.108 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Power Mech (POWERMECH)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	5116.50	5384.00	5550.00	4967.85	0.775 times
31 Wed Jan 2024	5330.50	4338.00	5441.35	4261.00	2.093 times
29 Fri Dec 2023	4285.55	4180.00	4468.80	3915.10	0.906 times
30 Thu Nov 2023	4165.25	3569.00	4230.05	3364.95	1.943 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 Power Mech (POWERMECH)

Price action analysis of Power Mech ( (POWERMECH) ) based on a short 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.

Price action analysis of Power Mech ( (POWERMECH) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Power Mech ( (POWERMECH) ) based on a short to mid 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.

Price action analysis of Power Mech ( (POWERMECH) ) 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 Power Mech stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Power Mech in short term but the sell signal is initial and weak.

Power Mech 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. 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 moving up

CCI has generated a SELL signal for Power Mech in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Power Mech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5159.14 and Power Mech (POWERMECH) 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 Power Mech (POWERMECH) stock. Volume based technical analysis of Power Mech (POWERMECH) stock is negative.

Power Mech 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.