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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 2024-08-08 View latest technical analysis

10 day averaged volume of Usha Martin is 845065

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	351.15	348.00	358.70	344.45	0.648 times
07 Wed Aug 2024	352.90	350.00	356.90	346.25	0.683 times
06 Tue Aug 2024	348.25	351.55	359.20	342.00	0.935 times
05 Mon Aug 2024	348.85	364.80	364.80	345.70	1.178 times
02 Fri Aug 2024	369.95	377.40	379.40	368.00	0.854 times
01 Thu Aug 2024	380.95	379.75	387.00	378.80	0.811 times
31 Wed Jul 2024	379.75	379.80	383.95	370.10	0.926 times
30 Tue Jul 2024	376.35	374.20	379.35	368.00	1.143 times
29 Mon Jul 2024	370.95	375.45	379.90	365.65	1.383 times
26 Fri Jul 2024	372.60	365.00	375.40	358.40	1.527 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 357.3, but if it comes above 357.3, then a intra day buy could be more profitable.
If you take a sell trade below 357.3, then use 357.3 as stoploss and 341.4 as target. However if you take a buy trade in stock , then use 357.3 as stoploss and 370.46 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	312.25
Downside Target	319.00
Downside Target	330.20
Downside Target	342.00
Downside Target	350.25
Upside Target	364.80
Upside Target	375.40
Upside Target	387.00
Upside Target	394.00
Upside Target	394.50
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	340.5
Downside Intraday Target	329.85
Upside Intraday Target	363.3
Upside Intraday Target	375.45
Upside Intraday Target	352.65

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	351.15	364.80	364.80	342.00	0.673 times
02 Fri Aug 2024	369.95	375.45	387.00	365.65	1.009 times
26 Fri Jul 2024	372.60	368.00	375.40	350.25	1.65 times
19 Fri Jul 2024	369.60	384.80	394.00	366.45	0.478 times
12 Fri Jul 2024	383.30	413.00	414.95	377.15	1.044 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
08 Thu Aug 2024	351.15	379.75	387.00	342.00	0.211 times
31 Wed Jul 2024	379.75	387.85	427.80	350.25	0.731 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

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Usha Martin stock for short term is SELL. Signal strength is Strong and stock is losing 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 SELL signal in short term but selling 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 366.16 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.