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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 2024-03-21 View latest technical analysis

10 day averaged volume of Usha Martin is 1065154

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	293.60	285.40	296.00	285.00	0.625 times
20 Wed Mar 2024	283.50	286.50	288.45	281.60	0.433 times
19 Tue Mar 2024	285.00	288.25	297.40	282.95	0.789 times
18 Mon Mar 2024	286.35	287.10	289.00	277.35	1.453 times
15 Fri Mar 2024	283.40	288.05	292.60	275.60	1.415 times
14 Thu Mar 2024	288.30	279.05	295.00	273.05	0.724 times
13 Wed Mar 2024	277.45	299.10	299.10	273.95	1.393 times
12 Tue Mar 2024	296.20	305.00	307.70	290.40	0.711 times
11 Mon Mar 2024	306.10	308.20	312.90	303.80	1.09 times
07 Thu Mar 2024	308.20	313.70	313.70	305.05	0.341 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 288.6 as stoploss in an intra day buy trade for a target of 305.79. However, stock will show a bearish move below 288.6.

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	281.5
Downside Intraday Target	269.4
Upside Intraday Target	301.55
Upside Intraday Target	309.5
Downside Intraday Target	289.45

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	293.60	287.10	297.40	277.35	0.619 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
21 Thu Mar 2024	293.60	325.40	329.90	273.05	0.619 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Usha Martin in short term but BUY signal is weak.

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 288.92 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 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.