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Stock analysis Usha Martin Limited USHAMART

More indepth analysis on MunafaSutra.com

Moving Averages for Usha Martin Limited

  • 5Day Average: 382.6
  • 12Day Average: 400.26
  • 20Day Average: 401.62
  • 50Day Average: 383.4
  • 100Day Average: 370.84
  • 150Day Average: 369.5
  • 200Day Average: 357.35

USHAMART Indicators & signals

Indicator MACD (12,26,9)

394.67, 395.25, 4.23
Indicator MACD is in negative zone

Indicator ADX (14)

0.96, 21.81, 21.4
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of USHAMART Usha Martin Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 395.30 387.00 to 402.45 2.84% 0.7 times
18 Mon Nov 2024 384.40 374.95 to 389.70 0.95% 0.7 times
14 Thu Nov 2024 380.80 370.85 to 388.65 3.51% 1.17 times
13 Wed Nov 2024 367.90 363.70 to 384.30 -4.34% 1.24 times
12 Tue Nov 2024 384.60 382.90 to 398.80 -2.11% 0.55 times
11 Mon Nov 2024 392.90 391.05 to 402.30 -1.11% 0.53 times
08 Fri Nov 2024 397.30 395.10 to 420.90 -4.66% 1.06 times
07 Thu Nov 2024 416.70 408.55 to 437.70 -0.89% 2.59 times
06 Wed Nov 2024 420.45 415.00 to 423.65 -0.27% 0.64 times
05 Tue Nov 2024 421.60 406.55 to 423.90 2.07% 0.88 times
04 Mon Nov 2024 413.05 409.10 to 429.70 -3.53% 0.66 times
01 Fri Nov 2024 428.15 423.55 to 432.40 0.76% 0.28 times

Technical analysis forecast for Usha Martin Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Usha Martin Limited USHAMART at this time. Stock is falling and might fall more.

It appears as if Usha Martin Limited USHAMART gave a large move recently.

Stock of Usha Martin Limited (USHAMART) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Usha Martin Limited is bearish for shortterm, and stock might move down till 379.8 or till 359.8. Use a stoploss of 396.46 and if the stock hits stoploss, then it can shoot up till 413.14

More indepth analysis on MunafaSutra.com