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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 2024-03-22 View latest technical analysis

10 day averaged volume of Power Mech is 39772

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	4764.45	4720.00	4792.15	4670.05	0.625 times
21 Thu Mar 2024	4703.05	4517.00	4728.90	4517.00	0.725 times
20 Wed Mar 2024	4463.35	4566.00	4583.85	4405.00	0.618 times
19 Tue Mar 2024	4523.95	4665.00	4714.85	4510.00	0.491 times
18 Mon Mar 2024	4658.40	4735.00	4777.85	4585.00	0.768 times
15 Fri Mar 2024	4735.20	4769.30	4819.15	4632.30	0.913 times
14 Thu Mar 2024	4769.30	4665.00	4800.00	4547.20	1.222 times
13 Wed Mar 2024	4591.85	4751.00	4821.90	4484.70	1.632 times
12 Tue Mar 2024	4801.30	4820.00	4834.20	4650.10	1.341 times
11 Mon Mar 2024	4849.65	5001.00	5025.00	4775.00	1.339 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 4659.5 as stoploss in an intra day buy trade for a target of 4895.04. However, stock will show a bearish move below 4659.5.

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	4792.15
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	4515.58
Downside Intraday Target	4266.72
Upside Intraday Target	4902.73
Upside Intraday Target	5041.02
Downside Intraday Target	4653.87

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	4764.45	4735.00	4792.15	4405.00	0.501 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 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 Power Mech (POWERMECH)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	4764.45	5149.00	5249.90	4405.00	0.567 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 and BUY 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

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 4705.62 and Power Mech (POWERMECH) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.