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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 2024-08-21 View latest technical analysis

10 day averaged volume of Usha Martin is 1408878

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	332.20	339.00	340.65	330.70	0.473 times
20 Tue Aug 2024	338.05	321.15	346.40	320.55	3.135 times
19 Mon Aug 2024	319.40	327.00	328.50	318.00	1.273 times
16 Fri Aug 2024	326.90	338.05	340.70	325.60	0.733 times
14 Wed Aug 2024	335.55	330.00	344.00	327.15	1.221 times
13 Tue Aug 2024	330.00	336.25	348.95	314.95	1.027 times
12 Mon Aug 2024	336.00	345.30	349.30	334.10	0.922 times
09 Fri Aug 2024	347.20	356.00	362.95	345.45	0.329 times
08 Thu Aug 2024	351.15	348.00	358.70	344.45	0.389 times
07 Wed Aug 2024	352.90	350.00	356.90	346.25	0.41 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 333.6, but if it comes above 333.6, then a intra day buy could be more profitable.
If you take a sell trade below 333.6, then use 333.6 as stoploss and 311.3 as target. However if you take a buy trade in stock , then use 333.6 as stoploss and 352.13 as target.

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	312.25
Downside Target	330.20
Upside Target	342.00
Upside Target	364.80
Upside Target	365.65
Upside Target	375.40
Upside Target	378.45
Upside Target	387.00
Upside Target	394.50
Upside Target	423.95
Upside Target	427.80

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	318
Downside Intraday Target	303.8
Upside Intraday Target	346.4
Upside Intraday Target	360.6
Downside Intraday Target	332.2

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	332.20	327.00	346.40	318.00	1.251 times
16 Fri Aug 2024	326.90	345.30	349.30	314.95	1.629 times
09 Fri Aug 2024	347.20	364.80	364.80	342.00	0.781 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

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 Wed Aug 2024	332.20	379.75	387.00	314.95	0.839 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 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 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 gaining 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 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

Stock of Usha Martin is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 334.65 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 negative.

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