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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 2024-09-27 View latest technical analysis

10 day averaged volume of Usha Martin is 60347

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	6.54	6.60	6.67	6.46	0.961 times
26 Thu Sep 2024	6.36	6.28	6.46	5.91	0.55 times
25 Wed Sep 2024	6.16	6.35	6.55	6.05	0.643 times
24 Tue Sep 2024	6.35	6.59	6.72	6.13	0.871 times
23 Mon Sep 2024	6.40	6.79	6.79	6.21	1.345 times
20 Fri Sep 2024	6.51	6.79	6.79	6.17	0.533 times
19 Thu Sep 2024	6.49	6.74	6.74	6.12	1.057 times
18 Wed Sep 2024	6.42	6.68	6.80	6.37	0.907 times
17 Tue Sep 2024	6.68	6.65	7.18	6.58	1.257 times
16 Mon Sep 2024	6.93	7.23	7.40	6.86	1.407 times

My analysis of stock is bearish for shortterm, and stock might move down till 6.4 or till 6. Use a stoploss of 6.68 and if the stock hits stoploss, then it can shoot up till 7.01

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	6.12
Downside Target	6.53
Upside Target	6.76
Upside Target	7.30
Upside Target	7.40
Upside Target	7.88
Upside Target	8.27
Upside Target	8.69
Upside Target	10.26

Intraday share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Intraday Target	6.04
Downside Intraday Target	5.53
Upside Intraday Target	6.92
Upside Intraday Target	7.29
Downside Intraday Target	6.41

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	6.54	6.79	6.79	5.91	0.847 times
20 Fri Sep 2024	6.51	7.23	7.40	6.12	0.839 times
13 Fri Sep 2024	7.23	6.63	7.38	6.17	0.564 times
06 Fri Sep 2024	6.63	8.27	8.27	6.53	10.886 times
30 Fri Aug 2024	7.88	7.30	7.88	7.30	0.255 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 Usha Martin (UMESLTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	6.54	8.27	8.27	5.91	3.965 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Usha Martin ( (UMESLTD_BE) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Usha Martin ( (UMESLTD_BE) ) based on a mid to longer 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.

ADX buy sell signal for Usha Martin stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Usha Martin 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.

Usha Martin 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 Usha Martin in short term and BUY signal is strong.

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 Usha Martin is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.52 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 falling down

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 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.