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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.

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Usha Martin is 823050

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	312.65	318.50	320.50	311.05	0.789 times
19 Mon Feb 2024	318.75	316.70	325.35	315.05	0.563 times
16 Fri Feb 2024	315.90	322.35	323.35	314.00	0.982 times
15 Thu Feb 2024	320.20	325.80	329.45	317.95	0.46 times
14 Wed Feb 2024	321.50	332.95	332.95	320.10	0.67 times
13 Tue Feb 2024	332.90	322.00	334.75	308.85	0.464 times
12 Mon Feb 2024	322.30	334.00	334.80	313.55	1.316 times
09 Fri Feb 2024	332.25	350.60	351.85	323.70	1.108 times
08 Thu Feb 2024	348.80	344.00	354.15	342.00	0.98 times
07 Wed Feb 2024	340.85	348.25	350.10	338.95	0.655 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 323.6, but if it comes above 323.6, then a intra day buy could be more profitable.
If you take a sell trade below 323.6, then use 323.6 as stoploss and 302.9 as target. However if you take a buy trade in stock , then use 323.6 as stoploss and 340.93 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	252.80
Downside Target	283.00
Downside Target	308.85
Upside Target	323.70
Upside Target	334.80
Upside Target	346.05
Upside Target	351.00
Upside Target	369.90
Upside Target	373.75
Upside Target	375.90
Upside Target	379.90

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	307.35
Downside Intraday Target	302.05
Upside Intraday Target	321.65
Upside Intraday Target	330.65
Upside Intraday Target	316.35

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	312.65	316.70	325.35	311.05	0.347 times
16 Fri Feb 2024	315.90	334.00	334.80	308.85	0.619 times
09 Fri Feb 2024	332.25	359.85	373.75	323.70	0.755 times
02 Fri Feb 2024	359.20	356.50	379.90	346.05	0.89 times
25 Thu Jan 2024	353.50	343.60	369.90	335.90	0.917 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
20 Tue Feb 2024	312.65	375.00	379.90	308.85	0.363 times
31 Wed Jan 2024	371.85	294.30	375.90	288.50	2.206 times
29 Fri Dec 2023	296.45	337.70	339.50	283.00	1.107 times
30 Thu Nov 2023	334.25	294.00	340.00	284.05	0.974 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 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 SELL signal for Usha Martin in short term and the sell signal is strong.

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 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 BUY signal in short term and the buying is gaining 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 326.89 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.