Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Usha Martin. The stock has risen over 4 per cent on Monday and has begun the week on a strong note. This rise is happening after a consolidation above the 100-Day Moving Average (DMA) for three weeks. Support is in the ₹435-430 region.
Intermediate dips are likely to get fresh buyers near this support zone and limit the downside. Usha Martin share price can rise to ₹510 in the coming weeks.
Traders can buy Usha Martin shares now at ₹461. Accumulate on dips at ₹440. Keep the stop-loss at ₹425 initially. Trail the stop-loss up to ₹468 as soon as the stock goes up to ₹475.
