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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 2024-04-23 View latest technical analysis

10 day averaged volume of Usha Martin is 1155174

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	360.90	367.70	369.15	357.55	0.506 times
22 Mon Apr 2024	368.40	367.15	374.00	364.40	0.846 times
19 Fri Apr 2024	361.90	357.60	369.90	352.80	1.086 times
18 Thu Apr 2024	364.30	349.00	369.00	348.00	2.516 times
16 Tue Apr 2024	347.50	335.00	348.75	331.50	0.56 times
15 Mon Apr 2024	336.20	338.65	339.00	325.45	0.57 times
12 Fri Apr 2024	343.95	335.00	348.00	335.00	2.393 times
10 Wed Apr 2024	339.80	340.85	345.75	337.55	0.246 times
09 Tue Apr 2024	340.85	345.00	345.00	335.10	0.498 times
08 Mon Apr 2024	342.20	338.60	351.90	335.75	0.958 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 356.6, but if it comes below 356.6, then a intra day sell could be more profitable.
If you take a sell trade below 356.6, then use 356.6 as stoploss and 336.59 as target. However if you take a buy trade in stock , then use 356.6 as stoploss and 380.7 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	319.00
Downside Target	347.00
Downside Target	351.90
Downside Target	357.55
Upside Target	369.90
Upside Target	374.00
Upside Target	375.90
Upside Target	379.90

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	354.3
Downside Intraday Target	347.7
Upside Intraday Target	370.75
Upside Intraday Target	380.6
Upside Intraday Target	364.15

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	360.90	367.15	374.00	357.55	0.286 times
19 Fri Apr 2024	361.90	338.65	369.90	325.45	1.156 times
12 Fri Apr 2024	343.95	338.60	351.90	335.00	1.341 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

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
23 Tue Apr 2024	360.90	319.00	374.00	319.00	0.866 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Usha Martin stock for short term is BUY. Signal strength is Strong and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 353.11 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.