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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 2024-07-15 View latest technical analysis

10 day averaged volume of Usha Martin is 1064481

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	387.80	384.80	390.60	380.30	0.453 times
12 Fri Jul 2024	383.30	392.00	394.00	380.55	0.738 times
11 Thu Jul 2024	387.55	387.90	391.95	379.00	1.028 times
10 Wed Jul 2024	389.05	391.45	394.90	377.15	1.156 times
09 Tue Jul 2024	391.45	405.00	407.05	388.05	1.704 times
08 Mon Jul 2024	406.90	413.00	414.95	401.30	0.482 times
05 Fri Jul 2024	411.20	412.00	427.80	405.05	1.565 times
04 Thu Jul 2024	409.45	410.00	412.00	402.95	1.048 times
03 Wed Jul 2024	403.50	402.10	408.40	397.75	0.613 times
02 Tue Jul 2024	402.65	406.00	408.40	395.50	0.869 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 386.2 as stoploss in an intra day buy trade for a target of 395.15. However, stock will show a bearish move below 386.2.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	273.05
Downside Target	312.25
Downside Target	319.00
Downside Target	329.90
Downside Target	376.50
Upside Target	394.50
Upside Target	409.90
Upside Target	410.00
Upside Target	414.95
Upside Target	423.95
Upside Target	427.80

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	381.87
Downside Intraday Target	375.93
Upside Intraday Target	392.17
Upside Intraday Target	396.53
Downside Intraday Target	386.23

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	387.80	384.80	390.60	380.30	0.089 times
12 Fri Jul 2024	383.30	413.00	414.95	377.15	1.044 times
05 Fri Jul 2024	411.20	387.85	427.80	384.45	1.388 times
28 Fri Jun 2024	387.85	405.00	409.90	376.50	0.654 times
21 Fri Jun 2024	405.05	404.80	410.00	383.15	0.425 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
15 Mon Jul 2024	387.80	387.85	427.80	377.15	0.398 times
28 Fri Jun 2024	387.85	382.75	423.95	312.25	1.45 times
31 Fri May 2024	364.65	374.85	378.45	330.20	0.645 times
30 Tue Apr 2024	377.05	319.00	394.50	319.00	1.693 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 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.

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

MACD generated a SELL signal for Usha Martin in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 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 397.65 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 positive

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