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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 2024-04-08 View latest technical analysis

10 day averaged volume of Usha Martin is 722711

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	342.20	338.60	351.90	335.75	1.531 times
05 Fri Apr 2024	335.70	340.95	343.70	334.75	0.522 times
04 Thu Apr 2024	339.00	335.75	341.05	329.55	0.768 times
03 Wed Apr 2024	335.25	344.80	346.45	333.00	0.881 times
02 Tue Apr 2024	345.20	335.00	347.00	335.00	1.491 times
01 Mon Apr 2024	333.25	319.00	335.25	319.00	1.22 times
28 Thu Mar 2024	318.25	315.95	325.00	314.15	1.042 times
27 Wed Mar 2024	314.95	311.10	317.50	309.50	1.346 times
26 Tue Mar 2024	311.55	298.35	313.45	298.35	1.004 times
22 Fri Mar 2024	299.10	295.85	302.25	292.55	0.805 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 331.2, but if it comes below 331.2, then a intra day sell could be more profitable.
If you take a sell trade below 331.2, then use 331.2 as stoploss and 309.13 as target. However if you take a buy trade in stock , then use 331.2 as stoploss and 357.7 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	273.05
Downside Target	283.00
Downside Target	298.35
Downside Target	312.90
Downside Target	329.90
Downside Target	335.75
Downside Target	339.50
Upside Target	347.00
Upside Target	351.90
Upside Target	375.90
Upside Target	379.90

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	334.67
Downside Intraday Target	327.13
Upside Intraday Target	350.82
Upside Intraday Target	359.43
Upside Intraday Target	343.28

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	342.20	338.60	351.90	335.75	0.314 times
05 Fri Apr 2024	335.70	319.00	347.00	319.00	1.439 times
28 Thu Mar 2024	318.25	298.35	325.00	298.35	0.598 times
22 Fri Mar 2024	299.10	287.10	302.25	277.35	0.721 times
15 Fri Mar 2024	283.40	308.20	312.90	273.05	1.164 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
08 Mon Apr 2024	342.20	319.00	351.90	319.00	0.262 times
28 Thu Mar 2024	318.25	325.40	329.90	273.05	0.747 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

Scroll below to view daily charts

Price has moved up 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 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 to mid 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 mid to longer 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

ADX buy sell signal for Usha Martin stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Usha Martin in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Usha Martin Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing 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 328.49 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.