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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 2024-03-21 View latest technical analysis

10 day averaged volume of Power Mech is 46093

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	4703.05	4517.00	4728.90	4517.00	0.626 times
20 Wed Mar 2024	4463.35	4566.00	4583.85	4405.00	0.533 times
19 Tue Mar 2024	4523.95	4665.00	4714.85	4510.00	0.424 times
18 Mon Mar 2024	4658.40	4735.00	4777.85	4585.00	0.663 times
15 Fri Mar 2024	4735.20	4769.30	4819.15	4632.30	0.788 times
14 Thu Mar 2024	4769.30	4665.00	4800.00	4547.20	1.054 times
13 Wed Mar 2024	4591.85	4751.00	4821.90	4484.70	1.408 times
12 Tue Mar 2024	4801.30	4820.00	4834.20	4650.10	1.157 times
11 Mon Mar 2024	4849.65	5001.00	5025.00	4775.00	1.155 times
07 Thu Mar 2024	4966.25	4872.05	5020.00	4852.55	0.82 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4674.5 as stoploss in an intra day buy trade for a target of 4914.58. However, stock will show a bearish move below 4674.5.

Share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Target	3364.95
Downside Target	3915.10
Downside Target	4230.05
Downside Target	4405.00
Upside Target	4777.85
Upside Target	4967.85
Upside Target	5025.00
Upside Target	5249.90
Upside Target	5425.00
Upside Target	5441.35
Upside Target	5477.85
Upside Target	5550.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	4479.42
Downside Intraday Target	4255.78
Upside Intraday Target	4852.27
Upside Intraday Target	5001.48
Downside Intraday Target	4628.63

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	4703.05	4735.00	4777.85	4405.00	0.404 times
15 Fri Mar 2024	4735.20	5001.00	5025.00	4484.70	1.171 times
07 Thu Mar 2024	4966.25	5176.25	5249.90	4843.00	0.526 times
02 Sat Mar 2024	5126.10	5199.95	5477.85	4981.10	2.108 times
23 Fri Feb 2024	5155.35	5325.00	5425.00	4967.85	0.668 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 Power Mech (POWERMECH)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	4703.05	5149.00	5249.90	4405.00	0.545 times
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

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 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 Power Mech ( (POWERMECH) ) 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 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 Strong and stock is losing momentum.

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

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

Power Mech Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Power Mech 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 negative zone. This is the SELL zone

Stock of Power Mech is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4726.71 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 negative.

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