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Price and trend forecast of USHAMART for Tomorrow, Weekly, Monthly

Usha Martin Limited

Symbol: NSE:USHAMART

ISIN: INE228A01035

414.80

As on 2024-06-13

252.80 (52W Low) 423.95 (52W High)

USHAMART's Today's Performance

Usha Martin Limited started the day by opening at 382.00 today 2024-06-13. Its shares reached a high of 423.95 and dipped to a low of 375.00 in intraday. When the markets closed, USHAMART’s stock price settled at ₹414.80 per share. Also check out its key support and resistance levels.

USHAMART Buy/Sell Targets

Tomorrow, buy USHAMART when its price reaches ₹ 414.80 with a stop-loss order at ₹ 403.83. You can set the target price as ₹ 425.77 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 1 434
Tomorrow Down Target 2 454
Tomorrow Down Target 3 483

Important Levels for USHAMART

Holding Levels Value in ₹
Tomorrow Up Target 1 385
Tomorrow Up Target 2 356
Tomorrow Up Target 3 336
Based on where the stock opens tomorrow, if USHAMART opens on a positive note, our first target will be ₹434. If Target 1 is achieved, we will aim for Target 2 which is ₹454.

But if USHAMART falls below the average value of ₹404.58, you can enter a sell side position with target number 1 - ₹385 and second target - ₹356 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 Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for USHAMART is strong bullish.

Tomorrow's Volume based share price Forecast for USHAMART

USHAMART's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 32%.

Reversal detection for USHAMART

Predicted trend chart of USHAMART tomorrow for price forecast
USHAMART may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹377 in morning tomorrow
Target 1 tomorrow423
Target 2 tomorrow435
Target 3 tomorrow454
 

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 ₹434.17. If Target 1 is achieved, we will aim for Target 2 which is ₹453.53.

But if USHAMART falls below the average value of ₹404.58, you can enter a sell side position with target number 1 - ₹385.22 and second target - ₹355.63

USHAMART's Weekly Targets
1st Up Target 438.47
2nd Up Target 462.13
1st Down Target 376.62
2nd Down Target 338.43

As the week for USHAMART ended on bullish sentiments, we can expect further continuation of this sentiment. USHAMART's initial target will be 438.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 376.62 in the upcoming week.

Weekly OHLC Values
Open 366.50
High 423.95
Low 362.10
Close 414.80

Week for USHAMART started with an open price of 366.50, and the close was at 414.80. USHAMART reached the highest of 423.95 and dipped lowest up to 362.10 last week. This indicates a bullish sentiment for the week.

USHAMART full month swing targets
Monthly Up Target 1 500.32
Monthly Up Target 2 523.98
Monthly Down Target 1 314.77
Monthly Down Target 2 214.73

Targets of ₹500.32 can be expected to be reached in the coming month. Once USHAMART achieved this target, we can aim for the next upside target of ₹523.98.

USHAMART if fails to hold upside, down targets of ₹314.77 and ₹214.73 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.

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Summary

USHAMART is expected to reach the target of 434.17 in tomorrow's trading session.

After achieving the initial target in USHAMART, we will aim for higher targets of 453.53 tomorrow.

However, if USHAMART starts to trade below ₹404.58, then we will shift our focus to the sell side and aim for down targets of 385.22 and 355.63.