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(SHARDAMOTR) Sharda Motor complete technical analysis [charts+indicators] | Buy/Sell Sharda Motor | (SHARDAMOTR) share price targets

Complete technical analysis of Sharda Motor (SHARDAMOTR) by charts plus indicators, forecast predictions and share price targets for Sharda Motor (SHARDAMOTR)

Sharda Motor trades in NSE in Auto Parts & Equipment sector.

Showing technical analysis as on 2024-08-05 View latest technical analysis

10 day averaged volume of Sharda Motor is 38421

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	2300.35	2312.00	2373.75	2200.05	3.607 times
02 Fri Aug 2024	2426.70	2434.00	2449.90	2390.35	0.823 times
01 Thu Aug 2024	2436.70	2465.00	2510.00	2414.00	0.847 times
31 Wed Jul 2024	2440.35	2425.00	2481.80	2403.45	1.098 times
30 Tue Jul 2024	2423.20	2466.00	2467.25	2409.00	0.499 times
29 Mon Jul 2024	2449.20	2454.95	2504.00	2437.05	1.193 times
26 Fri Jul 2024	2441.50	2436.60	2543.95	2425.00	1.306 times
25 Thu Jul 2024	2423.80	2420.75	2465.40	2409.10	0.351 times
24 Wed Jul 2024	2424.75	2381.00	2481.95	2381.00	1.052 times
23 Tue Jul 2024	2401.65	2410.00	2464.60	2303.35	1.351 times

Stock of Sharda Motor (SHARDAMOTR) has showed a significant fall. This could be a good time to exit from 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 2368.8, but if it comes above 2368.8, then a intra day buy could be more profitable.
If you take a sell trade below 2368.8, then use 2368.8 as stoploss and 2181 as target. However if you take a buy trade in stock , then use 2368.8 as stoploss and 2525.43 as target.

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	1364.25
Downside Target	1419.10
Downside Target	1641.85
Downside Target	2145.70
Downside Target	2200.05
Upside Target	2303.35
Upside Target	2373.75
Upside Target	2510.00
Upside Target	2561.90
Upside Target	2727.00
Upside Target	2952.10

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	2209.02
Downside Intraday Target	2117.68
Upside Intraday Target	2382.72
Upside Intraday Target	2465.08
Downside Intraday Target	2291.38

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	2300.35	2312.00	2373.75	2200.05	0.809 times
02 Fri Aug 2024	2426.70	2454.95	2510.00	2390.35	0.805 times
26 Fri Jul 2024	2441.50	2490.00	2561.90	2303.35	0.868 times
19 Fri Jul 2024	2495.15	2679.00	2727.00	2425.85	0.341 times
12 Fri Jul 2024	2675.55	2580.00	2952.10	2405.05	0.599 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 Sharda Motor (SHARDAMOTR)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	2300.35	2465.00	2510.00	2200.05	0.082 times
31 Wed Jul 2024	2440.35	2202.15	2952.10	2145.70	0.984 times
28 Fri Jun 2024	2202.20	1612.00	2224.00	1419.10	2.051 times
31 Fri May 2024	1585.00	1549.95	1645.50	1436.00	0.599 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 Sharda Motor (SHARDAMOTR)

Price action analysis of Sharda Motor ( (SHARDAMOTR) ) 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 Sharda Motor ( (SHARDAMOTR) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sharda Motor ( (SHARDAMOTR) ) 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 Sharda Motor ( (SHARDAMOTR) ) 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 Sharda Motor stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Sharda Motor 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 coming down

CCI has generated a SELL signal for Sharda Motor in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 Sharda Motor is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2391.68 and Sharda Motor (SHARDAMOTR) 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 Sharda Motor (SHARDAMOTR) stock. Volume based technical analysis of Sharda Motor (SHARDAMOTR) stock is negative.

Sharda Motor 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.