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

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

Usha Martin trades in NSE in Iron & Steel Products sector.

10 day averaged volume of Usha Martin is 2085050

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	341.75	337.70	344.45	334.25	0.213 times
09 Thu May 2024	334.25	351.00	356.55	332.15	0.604 times
08 Wed May 2024	350.10	362.00	362.00	347.35	0.42 times
07 Tue May 2024	361.85	363.20	364.20	353.70	0.53 times
06 Mon May 2024	364.50	370.45	371.25	350.05	0.612 times
03 Fri May 2024	371.25	374.45	374.90	365.10	0.431 times
02 Thu May 2024	372.90	374.85	378.45	367.00	0.651 times
30 Tue Apr 2024	377.05	355.50	394.50	355.50	4.91 times
29 Mon Apr 2024	357.60	356.50	366.40	343.15	1.24 times
26 Fri Apr 2024	368.50	363.00	371.00	360.00	0.362 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 344.9, but if it comes above 344.9, then a intra day buy could be more profitable.
If you take a sell trade below 344.9, then use 344.9 as stoploss and 329.8 as target. However if you take a buy trade in stock , then use 344.9 as stoploss and 357.41 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	273.05
Downside Target	288.50
Downside Target	299.90
Downside Target	319.00
Downside Target	325.45
Upside Target	343.15
Upside Target	351.90
Upside Target	369.90
Upside Target	374.00
Upside Target	375.90
Upside Target	378.45
Upside Target	379.90
Upside Target	394.50

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	325.52
Downside Intraday Target	309.28
Upside Intraday Target	364.62
Upside Intraday Target	387.48
Upside Intraday Target	348.38

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	341.75	370.45	371.25	332.15	0.329 times
03 Fri May 2024	371.25	356.50	394.50	343.15	4.504 times
26 Fri Apr 2024	368.50	367.15	374.00	357.55	0.612 times
19 Fri Apr 2024	361.90	338.65	369.90	325.45	1.156 times
12 Fri Apr 2024	343.95	338.60	351.90	335.00	1.341 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 (USHAMART)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri May 2024	341.75	374.85	378.45	332.15	0.241 times
30 Tue Apr 2024	377.05	319.00	394.50	319.00	1.693 times
28 Thu Mar 2024	318.25	325.40	329.90	273.05	0.747 times
29 Thu Feb 2024	329.05	375.00	379.90	299.90	0.774 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 (USHAMART)

Price action analysis of Usha Martin ( (USHAMART) ) 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 ( (USHAMART) ) 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 ( (USHAMART) ) 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Usha Martin 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Usha Martin in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 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 367.74 and Usha Martin (USHAMART) 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 Usha Martin (USHAMART) stock. Volume based technical analysis of Usha Martin (USHAMART) stock is negative.

Usha Martin Stock has given negative 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.