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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)

10 day averaged volume of Sharda Motor is 1886

Date Daily Closing Price Open High Low Volume
24 Fri Mar 2023 580.60 591.35 593.00 577.30 0.53 times
23 Thu Mar 2023 593.20 589.55 598.10 584.30 0.236 times
22 Wed Mar 2023 588.45 587.40 593.30 583.60 0.609 times
21 Tue Mar 2023 584.55 573.15 592.00 573.15 0.679 times
20 Mon Mar 2023 576.05 591.50 611.00 569.50 1.122 times
17 Fri Mar 2023 604.80 613.10 613.10 601.65 1.055 times
16 Thu Mar 2023 601.15 610.25 613.95 590.55 0.749 times
15 Wed Mar 2023 604.15 615.75 621.90 600.00 0.815 times
14 Tue Mar 2023 605.85 616.00 622.10 603.00 0.408 times
13 Mon Mar 2023 610.80 630.75 648.90 608.10 3.328 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 588.2, but if it comes above 588.2, then a intra day buy could be more profitable.
If you take a sell trade below 588.2, then use 588.2 as stoploss and 573.9 as target. However if you take a buy trade in stock , then use 588.2 as stoploss and 600.07 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 563.07
Downside Intraday Target 545.53
Upside Intraday Target 604.57
Upside Intraday Target 628.53
Upside Intraday Target 587.03

Weekly technical analysis of Sharda Motor (ShardaMotor)

Date Weekly Closing Price Open High Low Volume
24 Fri Mar 2023 580.60 591.50 611.00 569.50 0.5 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
24 Fri Mar 2023 580.60 610.00 648.90 569.50 2.078 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)

Indicator Name Indicator Value Indicator Signal
ADX 12, 26, 37 Sell
MACD -42, -43Buy
Stochastics 23Sell
CCI -83Sell
RSI 45Sell
OBV -24434Sell
VWAP 599Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Sharda Motor ( (ShardaMotor) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 coming down

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 599.09 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.

Click here for Sharda Motor charts

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Daily charts

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Daily chart

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