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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 2024-02-23 View latest technical analysis

10 day averaged volume of Usha Martin is 683663

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	333.45	306.60	338.50	306.00	7.85 times
22 Thu Feb 2024	303.20	307.80	307.80	299.90	1.288 times
21 Wed Feb 2024	305.40	313.15	313.80	304.20	1.066 times
20 Tue Feb 2024	312.65	318.50	320.50	311.05	0.949 times
19 Mon Feb 2024	318.75	316.70	325.35	315.05	0.678 times
16 Fri Feb 2024	315.90	322.35	323.35	314.00	1.182 times
15 Thu Feb 2024	320.20	325.80	329.45	317.95	0.554 times
14 Wed Feb 2024	321.50	332.95	332.95	320.10	0.807 times
13 Tue Feb 2024	332.90	322.00	334.75	308.85	0.559 times
12 Mon Feb 2024	322.30	334.00	334.80	313.55	1.584 times

Stock of Usha Martin (USHAMART) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 315.8 or till 292.3. Use a stoploss of 335.37 and if the stock hits stoploss, then it can shoot up till 354.96

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	252.80
Downside Target	283.00
Downside Target	299.90
Downside Target	308.85
Downside 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	309.4
Downside Intraday Target	285.35
Upside Intraday Target	348
Upside Intraday Target	362.55
Downside Intraday Target	323.95

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	333.45	316.70	338.50	299.90	2.524 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Usha Martin (USHAMART)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	333.45	375.00	379.90	299.90	0.591 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 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 ( (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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Usha Martin stock for short term is BUY. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining 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 324.11 and Usha Martin (USHAMART) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.