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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 2024-09-06 View latest technical analysis

10 day averaged volume of Usha Martin is 1007095

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	350.95	341.75	354.90	335.35	2.915 times
05 Thu Sep 2024	340.05	341.00	344.50	336.25	1.278 times
04 Wed Sep 2024	341.20	331.00	344.90	331.00	1.531 times
03 Tue Sep 2024	333.90	334.00	341.00	332.00	1.016 times
02 Mon Sep 2024	334.75	332.00	336.55	326.95	0.825 times
30 Fri Aug 2024	331.35	336.50	338.60	330.30	0.628 times
29 Thu Aug 2024	336.90	341.55	342.00	332.00	0.717 times
28 Wed Aug 2024	341.70	340.00	347.20	337.15	0.635 times
27 Tue Aug 2024	343.10	336.50	344.65	333.60	0.947 times
26 Mon Aug 2024	336.50	332.00	337.00	330.05	1.523 times

Stock of Usha Martin (USHAMART) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 351.2, for a target of 343.1 or 336.27

Share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Target	312.25
Downside Target	326.95
Downside Target	342.00
Downside Target	350.25
Upside Target	354.90
Upside Target	364.80
Upside Target	378.45
Upside Target	387.00
Upside Target	423.95
Upside Target	427.80

Intraday share price targets for Usha Martin (USHAMART)

Target Type	Value
Downside Intraday Target	333.63
Downside Intraday Target	316.32
Upside Intraday Target	361.58
Upside Intraday Target	372.22
Downside Intraday Target	344.27

Weekly technical analysis of Usha Martin (USHAMART)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	350.95	332.00	354.90	326.95	1.699 times
30 Fri Aug 2024	331.35	332.00	347.20	330.05	0.519 times
23 Fri Aug 2024	332.85	327.00	346.40	318.00	1.57 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Usha Martin (USHAMART)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	350.95	332.00	354.90	326.95	0.326 times
30 Fri Aug 2024	331.35	379.75	387.00	314.95	1.145 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

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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 but the buy signal is initial and weak.

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 red color and prices are in or above the red 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 and the buying is gaining 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 341.19 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 negative.

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