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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 2024-10-07 View latest technical analysis

10 day averaged volume of Power Mech is 51573

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	6235.85	6337.25	6497.85	6195.00	2.731 times
04 Fri Oct 2024	6243.50	6392.00	6489.80	6173.25	1.57 times
03 Thu Oct 2024	6391.95	6685.00	6699.00	6308.95	1.122 times
01 Tue Oct 2024	6721.40	6720.00	6755.70	6660.00	0.641 times
30 Mon Sep 2024	6710.05	6746.90	6771.95	6678.00	0.771 times
27 Fri Sep 2024	6700.10	6654.00	6770.00	6585.00	0.817 times
26 Thu Sep 2024	6631.35	6676.00	6699.00	6580.00	1.012 times
25 Wed Sep 2024	6620.95	6669.00	6724.40	6576.85	0.656 times
24 Tue Sep 2024	6652.20	6760.00	6834.95	6621.00	1.473 times
23 Mon Sep 2024	6690.80	6629.00	6769.70	6568.75	1.342 times

Stock of Power Mech (POWERMECH) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 6169.6, for a target of 6364.6 or 6527.13

Share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Target	4347.75
Downside Target	4830.00
Downside Target	5360.00
Downside Target	6136.00
Upside Target	6497.85
Upside Target	6660.00
Upside Target	6699.00
Upside Target	6755.70
Upside Target	6771.95
Upside Target	6834.95
Upside Target	6849.95
Upside Target	7450.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	6121.28
Downside Intraday Target	6006.72
Upside Intraday Target	6424.13
Upside Intraday Target	6612.42
Upside Intraday Target	6309.57

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	6235.85	6337.25	6497.85	6195.00	0.665 times
04 Fri Oct 2024	6243.50	6746.90	6771.95	6173.25	0.774 times
27 Fri Sep 2024	6700.10	6629.00	6834.95	6568.75	1.424 times
20 Fri Sep 2024	6541.65	6659.00	6699.00	6295.55	0.722 times
13 Fri Sep 2024	6614.25	6291.00	6660.00	6136.00	0.954 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
07 Mon Oct 2024	6235.85	6720.00	6755.70	6173.25	0.298 times
30 Mon Sep 2024	6710.05	6849.95	6849.95	6136.00	0.331 times
30 Fri Aug 2024	6778.80	6259.90	7450.00	5360.00	1.502 times
31 Wed Jul 2024	6197.00	4921.00	6501.00	4830.00	1.673 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 neutral. A longer time frame might give a better analysis.

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 but the sell signal is initial and weak.

Power Mech 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 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

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 6492.98 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.