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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.

10 day averaged volume of Sharda Motor is 122242

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1590.15	1616.90	1640.00	1583.00	0.669 times
16 Tue Apr 2024	1609.20	1525.00	1641.85	1524.70	2.301 times
15 Mon Apr 2024	1525.00	1535.55	1565.35	1511.00	0.602 times
12 Fri Apr 2024	1537.25	1563.40	1563.40	1513.00	0.476 times
10 Wed Apr 2024	1548.05	1530.00	1589.35	1529.95	1.203 times
09 Tue Apr 2024	1524.55	1531.95	1599.90	1503.00	4.325 times
08 Mon Apr 2024	1438.35	1421.50	1446.00	1421.50	0.157 times
05 Fri Apr 2024	1421.50	1440.00	1448.80	1419.45	0.133 times
04 Thu Apr 2024	1431.30	1452.00	1456.00	1403.15	0.252 times
03 Wed Apr 2024	1430.90	1431.00	1456.70	1422.05	0.274 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1529.9, but if it comes below 1529.9, then a intra day sell could be more profitable.
If you take a sell trade below 1529.9, then use 1529.9 as stoploss and 1402.21 as target. However if you take a buy trade in stock , then use 1529.9 as stoploss and 1683.1 as target.

Share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Target	1120.00
Downside Target	1165.05
Downside Target	1264.55
Downside Target	1364.25
Downside Target	1421.50
Downside Target	1456.70
Downside Target	1462.50
Downside Target	1494.40
Downside Target	1511.00
Downside Target	1571.90
Upside Target	1599.90
Upside Target	1641.85

Intraday share price targets for Sharda Motor (SHARDAMOTR)

Target Type	Value
Downside Intraday Target	1520.15
Downside Intraday Target	1450.15
Upside Intraday Target	1651
Upside Intraday Target	1711.85
Downside Intraday Target	1581

Weekly technical analysis of Sharda Motor (SHARDAMOTR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1590.15	1535.55	1641.85	1511.00	0.58 times
12 Fri Apr 2024	1537.25	1421.50	1599.90	1421.50	5.141 times
05 Fri Apr 2024	1421.50	1380.00	1456.70	1364.25	0.883 times
28 Thu Mar 2024	1366.20	1265.00	1390.00	1264.55	0.881 times
22 Fri Mar 2024	1263.65	1227.50	1286.80	1165.05	0.788 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 Sharda Motor (SHARDAMOTR)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1590.15	1380.00	1641.85	1364.25	1.719 times
28 Thu Mar 2024	1366.20	1379.55	1462.50	1165.05	0.63 times
29 Thu Feb 2024	1372.55	1374.15	1571.90	1308.15	0.99 times
31 Wed Jan 2024	1371.95	1322.45	1494.40	1285.05	0.742 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sharda Motor ( (SHARDAMOTR) ) based on a short 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.

Price action analysis of Sharda Motor ( (SHARDAMOTR) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sharda Motor in short term and the buy signal is strong.

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

Sharda Motor Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Sharda Motor in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1543.5 and Sharda Motor (SHARDAMOTR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.