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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 2024-03-20 View latest technical analysis

10 day averaged volume of Usha Martin is 1239230

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	283.50	286.50	288.45	281.60	0.372 times
19 Tue Mar 2024	285.00	288.25	297.40	282.95	0.678 times
18 Mon Mar 2024	286.35	287.10	289.00	277.35	1.249 times
15 Fri Mar 2024	283.40	288.05	292.60	275.60	1.216 times
14 Thu Mar 2024	288.30	279.05	295.00	273.05	0.622 times
13 Wed Mar 2024	277.45	299.10	299.10	273.95	1.198 times
12 Tue Mar 2024	296.20	305.00	307.70	290.40	0.611 times
11 Mon Mar 2024	306.10	308.20	312.90	303.80	0.937 times
07 Thu Mar 2024	308.20	313.70	313.70	305.05	0.293 times
06 Wed Mar 2024	307.60	315.40	319.95	303.00	1.418 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 289.3, but if it comes above 289.3, then a intra day buy could be more profitable.
If you take a sell trade below 289.3, then use 289.3 as stoploss and 268.9 as target. However if you take a buy trade in stock , then use 289.3 as stoploss and 306.27 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	273.05
Downside Target	283.00
Upside Target	297.40
Upside Target	329.90
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	274.77
Downside Intraday Target	266.03
Upside Intraday Target	294.82
Upside Intraday Target	306.13
Upside Intraday Target	286.08

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	283.50	287.10	297.40	277.35	0.502 times
15 Fri Mar 2024	283.40	308.20	312.90	273.05	1.164 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

Price has moved up 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 Wed Mar 2024	283.50	325.40	329.90	273.05	0.591 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 weakening, and bulls are picking up momentum!

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 291.71 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.