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(UNIVCABLES) Universal Cables complete technical analysis [charts+indicators] | Buy/Sell Universal Cables | (UNIVCABLES) share price targets

Complete technical analysis of Universal Cables (UNIVCABLES) by charts plus indicators, forecast predictions and share price targets for Universal Cables (UNIVCABLES)

Universal Cables trades in NSE in Other Elect.Equip. sector.

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Universal Cables is 15890

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	450.50	463.05	468.95	444.10	4.021 times
27 Tue Feb 2024	462.65	474.40	474.40	457.00	1.064 times
26 Mon Feb 2024	466.80	468.95	475.00	463.50	1.134 times
23 Fri Feb 2024	468.95	468.70	474.95	467.05	0.563 times
22 Thu Feb 2024	470.55	468.55	475.00	460.00	0.728 times
21 Wed Feb 2024	467.35	468.05	475.20	465.40	0.731 times
20 Tue Feb 2024	471.60	472.05	479.95	470.10	0.595 times
19 Mon Feb 2024	472.40	476.00	479.95	472.00	0.504 times
16 Fri Feb 2024	475.30	474.40	485.05	466.05	0.903 times
15 Thu Feb 2024	469.65	474.40	487.75	467.00	1.562 times

Stock of Universal Cables (UNIVCABLES) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 448.8, for a target of 464.4 or 477.38

Share price targets for Universal Cables (UNIVCABLES)

Target Type	Value
Downside Target	444.10
Upside Target	460.00
Upside Target	484.45
Upside Target	498.50
Upside Target	510.45
Upside Target	512.80
Upside Target	513.00
Upside Target	531.25
Upside Target	541.90
Upside Target	554.00
Upside Target	564.00

Intraday share price targets for Universal Cables (UNIVCABLES)

Target Type	Value
Downside Intraday Target	438.07
Downside Intraday Target	425.63
Upside Intraday Target	468.97
Upside Intraday Target	487.43
Upside Intraday Target	456.53

Weekly technical analysis of Universal Cables (UNIVCABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	450.50	468.95	475.00	444.10	1.993 times
23 Fri Feb 2024	468.95	476.00	479.95	460.00	0.333 times
16 Fri Feb 2024	475.30	493.60	498.50	463.35	0.885 times
09 Fri Feb 2024	484.90	501.55	510.45	475.95	0.93 times
02 Fri Feb 2024	500.90	483.00	513.00	483.00	2.135 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 Universal Cables (UNIVCABLES)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	450.50	512.45	512.80	444.10	0.642 times
31 Wed Jan 2024	509.65	517.60	564.00	483.00	0.76 times
29 Fri Dec 2023	517.60	506.25	541.90	484.45	0.703 times
30 Thu Nov 2023	503.05	515.00	554.00	468.45	1.267 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 Universal Cables (UNIVCABLES)

Price action analysis of Universal Cables ( (UNIVCABLES) ) 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 Universal Cables ( (UNIVCABLES) ) 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 Universal Cables ( (UNIVCABLES) ) 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 Universal Cables stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Universal Cables in short term and the sell signal is strong.

Universal Cables Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 Universal Cables in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Universal Cables is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 462.75 and Universal Cables (UNIVCABLES) 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 Universal Cables (UNIVCABLES) stock. Volume based technical analysis of Universal Cables (UNIVCABLES) stock is negative.

Universal Cables 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.