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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 2024-03-05 View latest technical analysis

10 day averaged volume of Usha Martin is 1366012

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	313.40	316.00	317.95	309.95	1.612 times
04 Mon Mar 2024	318.85	328.25	329.90	316.50	0.407 times
02 Sat Mar 2024	325.10	325.40	328.40	322.25	0.028 times
01 Fri Mar 2024	322.20	325.40	329.05	319.50	0.378 times
29 Thu Feb 2024	329.05	315.10	335.00	308.15	0.886 times
28 Wed Feb 2024	315.05	323.30	324.60	311.15	1.108 times
27 Tue Feb 2024	322.75	323.00	327.40	320.30	0.896 times
26 Mon Feb 2024	320.25	330.20	332.00	313.70	1.192 times
23 Fri Feb 2024	333.45	306.60	338.50	306.00	3.929 times
22 Thu Feb 2024	303.20	307.80	307.80	299.90	0.644 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 311.6 as stoploss in an intra day buy trade for a target of 321.7. However, stock will show a bearish move below 311.6.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	283.00
Downside Target	299.90
Downside Target	308.15
Upside Target	323.70
Upside Target	334.80
Upside Target	335.00
Upside Target	338.50
Upside Target	339.50
Upside Target	340.00
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	305.6
Downside Intraday Target	297.8
Upside Intraday Target	325.55
Upside Intraday Target	337.7
Upside Intraday Target	317.75

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	313.40	328.25	329.90	309.95	0.45 times
02 Sat Mar 2024	325.10	330.20	335.00	308.15	0.758 times
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

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
05 Tue Mar 2024	313.40	325.40	329.90	309.95	0.14 times
29 Thu Feb 2024	329.05	375.00	379.90	299.90	0.774 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Usha Martin ( (USHAMART) ) 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 ( (USHAMART) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak 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 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 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 323.36 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 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.