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(ShardaMotor) Sharda Motor complete technical analysis [charts+indicators] | Buy/Sell Sharda Motor | (ShardaMotor) share price targets

Complete technical analysis of Sharda Motor (ShardaMotor) by charts plus indicators, forecast predictions and share price targets for Sharda Motor (ShardaMotor)

Showing technical analysis as on 2023-03-21 View latest technical analysis

10 day averaged volume of Sharda Motor is 1970

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	584.55	573.15	592.00	573.15	0.65 times
20 Mon Mar 2023	576.05	591.50	611.00	569.50	1.075 times
17 Fri Mar 2023	604.80	613.10	613.10	601.65	1.01 times
16 Thu Mar 2023	601.15	610.25	613.95	590.55	0.717 times
15 Wed Mar 2023	604.15	615.75	621.90	600.00	0.781 times
14 Tue Mar 2023	605.85	616.00	622.10	603.00	0.391 times
13 Mon Mar 2023	610.80	630.75	648.90	608.10	3.186 times
10 Fri Mar 2023	626.20	600.30	631.80	594.95	0.954 times
09 Thu Mar 2023	604.50	595.00	609.10	595.00	0.409 times
08 Wed Mar 2023	603.85	603.20	608.00	593.00	0.819 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 590.3, but if it comes above 590.3, then a intra day buy could be more profitable.
If you take a sell trade below 590.3, then use 590.3 as stoploss and 569.1 as target. However if you take a buy trade in stock , then use 590.3 as stoploss and 608.01 as target.

Share price targets for Sharda Motor (ShardaMotor)

Target Type	Value
Downside Target	569.50
Upside Target	587.20
Upside Target	611.00
Upside Target	648.90
Upside Target	663.40
Upside Target	686.10
Upside Target	703.80
Upside Target	734.25
Upside Target	744.05
Upside Target	778.85
Upside Target	830.35
Upside Target	859.35

Intraday share price targets for Sharda Motor (ShardaMotor)

Target Type	Value
Downside Intraday Target	565.7
Downside Intraday Target	546.85
Upside Intraday Target	607.2
Upside Intraday Target	629.85
Upside Intraday Target	588.35

Weekly technical analysis of Sharda Motor (ShardaMotor)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	584.55	591.50	611.00	569.50	0.283 times
17 Fri Mar 2023	604.80	630.75	648.90	590.55	2.141 times
10 Fri Mar 2023	626.20	614.00	631.80	593.00	0.245 times
03 Fri Mar 2023	601.75	618.05	619.95	587.20	6.722 times
24 Fri Feb 2023	619.85	663.40	663.40	617.50	0.825 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sharda Motor (ShardaMotor)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	584.55	610.00	648.90	569.50	1.954 times
28 Tue Feb 2023	604.15	724.35	734.25	594.00	1.046 times
31 Tue Jan 2023	723.75	737.00	778.85	703.80	0.448 times
30 Fri Dec 2022	737.20	815.35	830.35	686.10	1.363 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sharda Motor (ShardaMotor)

Price action analysis of Sharda Motor ( (ShardaMotor) ) based on a short 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.

Price action analysis of Sharda Motor ( (ShardaMotor) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sharda Motor ( (ShardaMotor) ) 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 Sharda Motor stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sharda Motor in short term but the buy signal is initial and weak.

Sharda Motor Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Sharda Motor in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Sharda Motor is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 603.99 and Sharda Motor (ShardaMotor) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sharda Motor (ShardaMotor) stock. Volume based technical analysis of Sharda Motor (ShardaMotor) stock is negative.

Sharda Motor Stock has given negative 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.