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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)

10 day averaged volume of Usha Martin is 46311

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	6.47	6.65	6.65	6.22	0.282 times
07 Mon Oct 2024	6.55	6.61	6.78	6.15	0.801 times
04 Fri Oct 2024	6.48	6.45	6.68	6.25	0.639 times
03 Thu Oct 2024	6.45	6.72	6.72	6.40	0.676 times
01 Tue Oct 2024	6.72	6.57	6.81	6.45	1.098 times
30 Mon Sep 2024	6.57	6.84	6.84	6.31	1.091 times
27 Fri Sep 2024	6.54	6.60	6.67	6.46	1.252 times
26 Thu Sep 2024	6.36	6.28	6.46	5.91	0.717 times
25 Wed Sep 2024	6.16	6.35	6.55	6.05	0.838 times
24 Tue Sep 2024	6.35	6.59	6.72	6.13	1.135 times

My analysis of stock is bearish for shortterm, and stock might move down till 6.3 or till 6. Use a stoploss of 6.58 and if the stock hits stoploss, then it can shoot up till 6.83

Share price targets for Usha Martin (UMESLTD_BE)

Target Type	Value
Downside Target	4.55
Downside Target	5.80
Downside Target	6.12
Upside Target	6.76
Upside Target	6.81
Upside Target	6.84
Upside Target	7.36
Upside Target	7.38
Upside Target	7.40
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	6.15
Downside Intraday Target	5.84
Upside Intraday Target	6.78
Upside Intraday Target	7.1
Downside Intraday Target	6.47

Weekly technical analysis of Usha Martin (UMESLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	6.47	6.61	6.78	6.15	0.309 times
04 Fri Oct 2024	6.48	6.84	6.84	6.25	0.615 times
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

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 Usha Martin (UMESLTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	6.47	6.57	6.81	6.15	0.098 times
30 Mon Sep 2024	6.57	8.27	8.27	5.91	4.09 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

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 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 Usha Martin ( (UMESLTD_BE) ) 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 Usha Martin ( (UMESLTD_BE) ) 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 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 gaining momentum.

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

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

Usha Martin 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. Bulls are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 6.48 and Usha Martin (UMESLTD_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.