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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 2024-10-29 View latest technical analysis

10 day averaged volume of Power Mech is 70195

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	2778.85	2810.70	2850.00	2704.10	0.519 times
28 Mon Oct 2024	2778.35	2791.95	2815.00	2710.55	0.54 times
25 Fri Oct 2024	2761.95	2865.00	2888.80	2724.95	1.324 times
24 Thu Oct 2024	2880.35	2900.70	2950.35	2863.25	0.622 times
23 Wed Oct 2024	2900.35	2910.00	2999.00	2869.40	0.814 times
22 Tue Oct 2024	2937.90	3075.00	3101.00	2901.65	1.713 times
21 Mon Oct 2024	3093.75	3150.00	3167.45	3072.30	0.988 times
18 Fri Oct 2024	3178.85	3185.00	3201.60	3093.00	0.894 times
17 Thu Oct 2024	3233.35	3303.45	3310.00	3210.00	0.996 times
16 Wed Oct 2024	3355.50	3314.00	3398.00	3291.55	0.925 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 2360.8 as stoploss in an intra day buy trade for a target of 3714.91. However, stock will show a bearish move below 2360.8.

Share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Target	2704.10
Upside Target	2850.00
Upside Target	3024.35
Upside Target	3167.45
Upside Target	3398.00
Upside Target	4347.75
Upside Target	4830.00
Upside Target	5360.00
Upside Target	6136.00
Upside Target	6497.85
Upside Target	6501.00
Upside Target	6755.70
Upside Target	6771.95
Upside Target	6849.95
Upside Target	7450.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	2705.3
Downside Intraday Target	2631.75
Upside Intraday Target	2851.2
Upside Intraday Target	2923.55
Downside Intraday Target	2777.65

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	2778.85	2791.95	2850.00	2704.10	0.194 times
25 Fri Oct 2024	2761.95	3150.00	3167.45	2724.95	1.221 times
18 Fri Oct 2024	3178.85	3139.35	3398.00	3082.20	0.808 times
11 Fri Oct 2024	3108.40	6337.25	6497.85	3024.35	1.836 times
04 Fri Oct 2024	6243.50	6746.90	6771.95	6173.25	0.774 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
29 Tue Oct 2024	2778.85	6720.00	6755.70	2704.10	1.269 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 3000.25 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.