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(UMESLTD_BE) Usha Martin complete technical analysis [charts+indicators] | Buy/Sell Usha Martin | (UMESLTD_BE) share price targets

Complete technical analysis of Usha Martin (UMESLTD_BE) by charts plus indicators, forecast predictions and share price targets for Usha Martin (UMESLTD_BE)

Showing technical analysis as on 2024-09-02 View latest technical analysis

10 day averaged volume of Usha Martin is 29770

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	7.48	8.27	8.27	7.48	6.121 times
30 Fri Aug 2024	7.88	7.88	7.88	7.88	0.492 times
29 Thu Aug 2024	7.73	7.73	7.73	7.73	0.629 times
28 Wed Aug 2024	7.58	7.58	7.58	7.58	0.344 times
27 Tue Aug 2024	7.44	7.44	7.44	7.44	0.304 times
26 Mon Aug 2024	7.30	7.30	7.30	7.30	0.262 times
23 Fri Aug 2024	7.16	7.16	7.16	7.16	3.552 times
22 Thu Aug 2024	7.02	7.02	7.02	7.02	1.367 times
21 Wed Aug 2024	6.89	6.76	6.89	6.76	2.01 times
20 Tue Aug 2024	6.76	6.76	6.76	6.76	0.773 times

Stock of Usha Martin (UMESLTD_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 7.9 or till 8.4. Use a stoploss of 7.46 and if this stock hits its stoploss, then it can fall down till 7.03

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	4.65
Downside Target	5.80
Downside Target	6.25
Downside Target	6.76
Downside Target	7.05
Upside Target	7.67
Upside Target	7.88
Upside Target	8.27
Upside Target	8.33
Upside Target	8.69
Upside Target	10.26

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	7.22
Downside Intraday Target	6.95
Upside Intraday Target	8.01
Upside Intraday Target	8.53
Upside Intraday Target	7.74

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	7.48	8.27	8.27	7.48	3.014 times
30 Fri Aug 2024	7.88	7.30	7.88	7.30	0.255 times
23 Fri Aug 2024	7.16	6.90	7.16	6.76	6.946 times
16 Fri Aug 2024	7.05	7.51	7.51	7.05	0.685 times
09 Fri Aug 2024	7.67	8.33	8.33	7.67	0.698 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Usha Martin (UMESLTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	7.48	8.27	8.27	7.48	0.45 times
30 Fri Aug 2024	7.88	8.69	8.69	6.76	0.462 times
31 Wed Jul 2024	8.87	8.10	10.26	7.36	1.561 times
22 Mon Apr 2024	5.50	4.55	5.80	4.55	0.596 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 Usha Martin (UMESLTD_BE)

Price action analysis of Usha Martin ( (UMESLTD_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Usha Martin ( (UMESLTD_BE) ) 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 Usha Martin ( (UMESLTD_BE) ) 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 Usha Martin stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Usha Martin in short term and the buy signal is strong.

Usha Martin Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Usha Martin in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 Usha Martin is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.28 and Usha Martin (UMESLTD_BE) 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 Usha Martin (UMESLTD_BE) stock. Volume based technical analysis of Usha Martin (UMESLTD_BE) stock is negative.

Usha Martin Stock is giving positive 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.