Elliott Wave Analysis of Usha Martin USHAMARTThe script is currently in (v) of 3rd wave on daily time frame. This should be followed by a short retracement and then a 5th wave up. Will keep updating this chart as it progresses.
Ushamartin
Usha Martin Ltd forming a good swing long patternUsha Martin Ltd forming a good swing long pattern. Price above R1 pivot.
🔎 Important Note: During market crashes or prolonged corrections, strong stocks tend to correct later and with a smaller percentage decline.
⚠️ This is NOT a buy recommendation. Please consult your financial adviser before making any investment decisions.
CUP & HANDLE - USHA MARTIN LTDCUP & HANDLE breakout above 140 - USHAMART
RSI is around 66
crossover on MACD
One can take as swing trade
Target - 150
Stoploss - 127
Usha Martin moving to 67 cmp 48Chart formation looks strong for medium term 3 to 9 Months
Do your research before investing
USHAMARTIN - Multi-year Breakout and Re-test | Weekly | Swing The above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Entry can be made between range - CM to 50/-
SL will be below 36 for safe traders and risk taking traders can put SL below 44-45.
Target is shown in image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on multi-year breakout and other price behaviour.
Feel free to comment or message me for any kind of queries.
Usha Martin - Breakout on Monthly chart Usha Martin - Breakout on Monthly chart. Bought as a long term investment. Targets/Stop loss as shown. Keep trailing as per your time horizon and risk appetite!!
USHAMART(IN)USHAMARTIN looks too good formed Head & Shoulders Pattern Targets could be 91,106
Hldng period 6mnths to 1year
Usha Martin - MACD Crossover + VolumeUsha Martin is looking good, two main dates to watch (Mentioned in the chart)
MACD Level crossing up signal line
Breaking Trends
Good fundamentals / Improving (minus some structure changes)
Volume is good
My target is upside of 20% in short term
Usha Martin Price Action analysis for Short termBuy If RSI increases with price breaking the Yellow Lines
1st Target 37.20
2nd Target: 38.80
3rd Target: 40 Plus and sell at Peak
Stop Loss: 32.90
