USHAMART - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Usha Martin Ltd (USHAMART) Technical Analysis
Technical Rating: 4.0
📈 Chart Patterns & Trend Status
Trend Status: The stock is currently trending upward, supported by higher lows and a breakout from a short-term consolidation zone.
Candlestick Structure: Bullish continuation patterns observed in recent sessions, with strong buying near support levels.
Trendlines: Price action respects an ascending trendline from the ₹280 zone, indicating sustained bullish sentiment.
📉 Moving Averages
50 DMA: ₹352 — Price is above, confirming short-term bullishness.
200 DMA: ₹341 — Price is well above, reinforcing long-term strength.
Crossover Status: Bullish crossover already in place; moving averages aligned positively.
📊 Momentum Indicators
RSI (59.3): Bullish zone — momentum is strong but not overbought.
MACD (9.02): Positive and above signal line — confirms bullish momentum.
Stochastic Oscillator: Likely in bullish territory (55–80) — supports upward bias.
MFI (~71.5)
1
: Approaching overbought — watch for short-term pullback.
📉 Bollinger Bands & Volume
Price Position: Near upper band — suggests strong momentum but limited upside unless breakout occurs.
Volume Spike: Current volume (10.52L) > 1-week average (3.70L) — confirms strong buying interest.
📌 Support & Resistance Zones
Level Price (₹)
Support 1 365
Support 2 352
Resistance 1 388
Resistance 2 405
Breakout Target 430–445
These levels are based on pivot points and recent swing highs/lows
2
3
.
🎯 Entry & Exit Strategy
Optimal Entry Zone: ₹360–₹368 (near support and 50 DMA)
Exit Zone (Short-Term): ₹388–₹405 (resistance zone)
Stop-Loss: ₹348 (below 50 DMA and trendline support)
🧭 Final Take
USHAMART is showing strong bullish momentum with volume confirmation and favorable technical indicators. While MFI and Bollinger Bands suggest a possible short-term pause, the overall structure supports further upside. A breakout above ₹388 with volume could trigger a rally toward ₹430+.
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