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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 2024-03-11 View latest technical analysis

10 day averaged volume of Usha Martin is 1100799

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	306.10	308.20	312.90	303.80	1.055 times
07 Thu Mar 2024	308.20	313.70	313.70	305.05	0.33 times
06 Wed Mar 2024	307.60	315.40	319.95	303.00	1.597 times
05 Tue Mar 2024	313.40	316.00	317.95	309.95	2.001 times
04 Mon Mar 2024	318.85	328.25	329.90	316.50	0.505 times
02 Sat Mar 2024	325.10	325.40	328.40	322.25	0.034 times
01 Fri Mar 2024	322.20	325.40	329.05	319.50	0.469 times
29 Thu Feb 2024	329.05	315.10	335.00	308.15	1.1 times
28 Wed Feb 2024	315.05	323.30	324.60	311.15	1.375 times
27 Tue Feb 2024	322.75	323.00	327.40	320.30	1.111 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 309, but if it comes above 309, then a intra day buy could be more profitable.
If you take a sell trade below 309, then use 309 as stoploss and 298.7 as target. However if you take a buy trade in stock , then use 309 as stoploss and 317.63 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	283.00
Downside Target	299.90
Upside Target	329.90
Upside Target	334.80
Upside Target	335.00
Upside Target	338.50
Upside Target	339.50
Upside Target	340.00
Upside Target	375.90
Upside Target	379.90

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	302.3
Downside Intraday Target	298.5
Upside Intraday Target	311.4
Upside Intraday Target	316.7
Upside Intraday Target	307.6

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	306.10	308.20	312.90	303.80	0.238 times
07 Thu Mar 2024	308.20	328.25	329.90	303.00	0.796 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

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
11 Mon Mar 2024	306.10	325.40	329.90	303.00	0.279 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 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 neutral. A longer time frame might give a better analysis.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 315.33 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.