Price and trend forecast of USHAMART for Tomorrow, Weekly, Monthly
Usha Martin Limited
Symbol: NSE:USHAMART
ISIN: INE228A01035
372.60
As on 2024-07-26
USHAMART's Today's Performance
Usha Martin Limited started the day by opening at 365.00 today 2024-07-26. Its shares reached a high of 375.40 and dipped to a low of 358.40 in intraday. When the markets closed, USHAMART’s stock price settled at ₹372.60 per share. Also check out its key support and resistance levels.
USHAMART Buy/Sell Targets
Tomorrow, buy USHAMART when its price reaches ₹ 372.60 with a stop-loss order at ₹ 364.86. You can set the target price as ₹ 380.34 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of USHAMART for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for USHAMART
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 379 |
| Tomorrow Down Target 2 | 386 |
| Tomorrow Down Target 3 | 396 |
Important Levels for USHAMART
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 362 |
| Tomorrow Up Target 2 | 352 |
| Tomorrow Up Target 3 | 345 |
Based on where the stock opens tomorrow, if USHAMART opens on a positive note, our first target will be ₹379. If Target 1 is achieved, we will aim for Target 2 which is ₹386.
But if USHAMART falls below the average value of ₹368.80, you can enter a sell side position with target number 1 - ₹362 and second target - ₹352 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of USHAMART
Looking at USHAMART, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, USHAMART has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for USHAMART is strong bearish.
Tomorrow's Volume based share price Forecast for USHAMART
USHAMART's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 32%.
Reversal detection for USHAMART
USHAMART may trend may continue to be bullish since stock is making higher highs and we can get target of ₹363 in morning tomorrow
| Target 1 tomorrow | 375 |
| Target 2 tomorrow | 379 |
| Target 3 tomorrow | 386 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with USHAMART's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if USHAMART opens on a positive note, our first target will be ₹379.20. If Target 1 is achieved, we will aim for Target 2 which is ₹385.80.
But if USHAMART falls below the average value of ₹368.80, you can enter a sell side position with target number 1 - ₹362.20 and second target - ₹351.80
USHAMART's Weekly Targets
| 1st Up Target | 381.92 |
| 2nd Up Target | 391.23 |
| 1st Down Target | 356.77 |
| 2nd Down Target | 340.93 |
As the week for USHAMART ended on bullish sentiments, we can expect further continuation of this sentiment. USHAMART's initial target will be 381.92 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 356.77 in the upcoming week.
Weekly OHLC Values
| Open | 368.00 |
| High | 375.40 |
| Low | 350.25 |
| Close | 372.60 |
Week for USHAMART started with an open price of 368.00, and the close was at 372.60. USHAMART reached the highest of 375.40 and dipped lowest up to 350.25 last week. This indicates a bullish sentiment for the week.
USHAMART full month swing targets
| Monthly Up Target 1 | 407.07 |
| Monthly Up Target 2 | 416.38 |
| Monthly Down Target 1 | 331.62 |
| Monthly Down Target 2 | 290.63 |
Targets of ₹407.07 can be expected to be reached in the coming month. Once USHAMART achieved this target, we can aim for the next upside target of ₹416.38.
USHAMART if fails to hold upside, down targets of ₹331.62 and ₹290.63 can be achieved by end of this month.
For complete three weeks if USHAMART is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as USHAMART
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
USHAMART is expected to reach the target of 379.20 in tomorrow's trading session.
After achieving the initial target in USHAMART, we will aim for higher targets of 385.80 tomorrow.
However, if USHAMART starts to trade below ₹368.80, then we will shift our focus to the sell side and aim for down targets of 362.20 and 351.80.